The objective of the initiative involves constructing equipment for 500 tons of (JS-T205), production equipment for formulations, and additional complementary facilities.

China: On Friday, August 18, 2023, Jiangshan declared its intention to invest 795 million yuan in the creation of a fresh herbicide project. To fulfil this objective, the company aims to augment the capital of its subsidiary by 160 million yuan.

In accordance with the announcement, Jiangshan is planning to inject 795 million yuan into the establishment of the "New Green Herbicide Technical and Formulations Project" in Yaojiagang Chemical Park, Zhijiang, Hubei Province. This initiative is geared towards optimizing the industrial framework, facilitating transformation and advancement, and attaining high-quality growth. The endeavour will be undertaken in partnership with its wholly owned subsidiary, Jiangshan (Yichang) Crop.

Simultaneously, another statement from Jiangshan revealed that, aligned with the company's strategic development scheme and the practical requirements of the project construction, the company is considering a capital increase for Jiangshan Yichang amounting to 160 million yuan. After the capital increase is finalized, Jiangshan Yichang's registered capital will escalate from 90 million yuan to 250 million yuan, maintaining its status as a wholly owned subsidiary of the company. This capital infusion is also aimed at fulfilling the industrialization demands of new products like JS-T205.

The commencement of the JS-T205 project traces back to the previous year's June. At that time, Jiangshan divulged its investment contract with the People's Government of Zhijiang City, Hubei Province, outlining plans to procure land in Yaojiagang Chemical Park for the production and distribution of innovative green herbicides and intermediates.

Pursuant to this agreement, the company is establishing a wholly owned subsidiary, Jiangshan Yichang, in Yaojiagang Chemical Park, Zhijiang City, which will spearhead the project's execution and operation. With an overall investment projection of 2 billion yuan, the project will span an approximately 243-acre area. Of this, 1.6 billion yuan will be dedicated to fixed assets investment. Upon successful completion and operationalization, the project is poised to achieve an annual output value of 3 billion yuan.