Zhongxing Mushroom Industry announced that Meishan Changhong Agricultural Biotechnology Co., Ltd., a wholly-owned subsidiary of the company, plans to invest 50 million yuan to establish Qingshui Zhongxing Bacteria Technology Co., Ltd. and implement a “factory bionic cultivation project with an annual output of 6 tons of Cordyceps sinensis”. The project is estimated to have a total investment of about 250 million yuan and a construction period of 18 months. It is expected to achieve annual sales revenue of 262 million yuan and annual net profit of about 65 million yuan after completion of production. Currently, the investment target has not yet been established, and its name and related registration information are ultimately subject to approval and registration by the market supervision and administration department.

Zhongxing Mushroom Industry announced that Meishan Changhong Agricultural Biotechnology Co., Ltd., a wholly-owned subsidiary of the company, plans to invest 50 million yuan to establish Qingshui Zhongxing Bacteria Technology Co., Ltd. and implement a “factory bionic cultivation project with an annual output of 6 tons of Cordyceps sinensis”. The project is estimated to have a total investment of about 250 million yuan and a construction period of 18 months. It is expected to achieve annual sales revenue of 262 million yuan and annual net profit of about 65 million yuan after completion of production. Currently, the investment target has not yet been established, and its name and related registration information are ultimately subject to approval and registration by the market supervision and administration department.