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Yuntianhua: A wholly-owned subsidiary invested 100 million yuan to set up Tianji Biology to improve the industrial system

China Securities Network News (reporter Kang Xi) Yuntianhua announced on the evening of December 30 that Yunnan Yuntianhua United Commerce Co., Ltd. (hereinafter referred to as "United Commerce"), a wholly-owned subsidiary of the company, invested 100 million yuan to set up a wholly-owned subsidiary, Yunnan Tianji Biological Co., Ltd. (tentative name, referred to as "Tianji Biological") in the Honghe Comprehensive Free Trade Zone of Yunnan Province.

Tianji Biology will combine the company's existing annual output of 500,000 tons of feed grade calcium dibasic calcium phosphate business, the construction of an annual output of 500,000 tons of feed products processing project, to import corn and domestic procurement of meal as the basic raw materials, through advanced mixing, proportioning, quenching, granulation technology for processing, the production of general-purpose feed products, the product can be the domestic animal husbandry industry basic feed raw materials, can also be used as feed directly, the product can be added according to customer needs in the later stage of feed grade calcium bisuphosphate. At the same time, Tianji Bio can enjoy the "bonded logistics, bonded processing" policy and relevant local preferential tax policies in the comprehensive bonded zone.

Yuntianhua said that the project is conducive to the company to extend the industrial chain, improve the industrial system, form a coordinated development and mutual promotion of the upstream and downstream industries of feed and calcium feed, and enhance the comprehensive competitiveness of the company's feed industry.

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