On March 31, 2022, Hailir Pharmaceutical Group Co., Ltd. ("Hailir") issued an announcement on the environmental protection acceptance of its subsidiary's preparation projects.
On March 30, 2022, Qingdao Otis Biotechnology Co., Ltd. received the "reconstruction and upgrading of the automatic production line of agrochemical preparations with an annual output of 10,000 tons, the production of 23,000 tons of agrochemical preparations and fertilizers (Phase I), and the production of 7,000 tons of water-based preparations. Project Completion Environmental Protection Acceptance Opinions", the nature, scale, locations, production process, measures to prevent pollution and ecological damage of the project have not undergone major changes; Environmental protection measures have been established, and corresponding environmental protection management systems have been established, and pollutant emissions have reached relevant national emission standards. Therefore, the completion of the project has passed the environmental protection acceptance.
Hailir held the 33rd meeting of the third board of directors on October 28, 2019, reviewed and approved the "Proposal on Qingdao Otis Biotechnology Co., Ltd.'s Proposed Investment in New Preparation Projects", and agreed with Qingdao Otis Biotechnology Co., Ltd. The company builds new formulation projects, and each formulation project will be gradually invested and constructed as needed. The construction period is expected to be 2021, and the capital budget is 276.15 million yuan.
On August 27, 2020, the first meeting of the fourth board of directors of the company reviewed and approved the "Proposal on the Change of Investment and New Projects of Qingdao Otis Biotechnology Co., Ltd.", and agreed to Qingdao Otis Biotechnology Co., Ltd. to adjust and change new projects. After the change Investment project name: 7,000 tons of water-based formulations (suspending agent, microcapsules, water emulsion), 23,000 tons of agricultural chemical preparations and fertilizer manufacturing projects (suspending agent, microcapsule, oil suspension agent, microemulsion, water emulsion, water agent , emulsifiable concentrate, water-soluble fertilizer, etc.), 20,000 tons of agricultural chemical preparations and fertilizer manufacturing projects (wettable powder, soluble powder, water-dispersible granules, fertilizers, etc.), 50,000 tons of agricultural chemical preparations and fertilizer manufacturing projects (soluble , emulsifiable concentrate, water, water emulsion, microcapsule, microemulsion, suspending agent, suspending seed coating, oil suspending agent, herbicide; wettable powder, soluble powder, water dispersible granule, water-soluble granule, dry Suspension agent, powder, fertilizer and other formulations), each project will be gradually invested and constructed as needed. The construction period is expected to be 2022, and the capital budget is 404,652,000 yuan.