The Board of Directors of China Petrochemical Development Corporation has approved the suspension of the construction project for Phase 1 of the fine chemical plant. The company aimed to establish a production and distribution center for high-value fine chemicals. Initially, the plan was to construct the fine chemical plant in two phases: Phase 0 with an investment of TWD 800,304,000 and Phase 1 projected at TWD 2,928,680,000.

The total planned investment was anticipated to amount to TWD 3,728,984,000. Reasons for the change and its main content: According to its phased development approach, the company regularly reviews its construction and production plans. Considering the current market conditions and the overall increase in construction costs, which affect expected investment returns, the company intend to suspend the construction project for Phase 1 of the fine chemical plant.