Hongbaoli Group attended the 2023 Fund Investment Promotion Energy City Industry Upgrading and Development Forum and the 5th Anniversary Celebration of Yumei Coal Fund

It’s time to boom. Recently, the 2023 Fund Investment Promotion Energy City Industry Upgrading and Development Forum and the 5th Anniversary Celebration of the Yumei Fund were held in Yulin Financial Center, Shaanxi. Hongbaoli Group was invited to participate in the conference. Zhou Minji, Director of the Group’s Science and Technology Development and Investment Department, attended the meeting and made an exchange report.

Yumei Fund was established in 2018 and is headquartered in Yulin City, Shaanxi Province. In 2021, Yumei Fund successfully participated in the non-public offering of A shares by Hongbaoli Group. This is the fund’s first investment in listed companies based on the general idea of ​​”recruiting large companies and attracting strong companies”. This cooperation fully demonstrates the fund’s recognition of Hongbaoli Group’s business strength and industry status. Based on this, the two parties will jointly help Yulin build a “coal-propylene-propylene oxide-polyether-polyurethane” industrial chain.

Zhou Minji, Director of the Investment Department of the Group’s Science and Technology Development, made an exchange report

At the meeting, Director Zhou Minji fully affirmed the role of the Yumei Fund in promoting the upgrading and development of cities and enterprises with the three “good” of “good” friends, “good” resources, and “good” company.

Director Zhou Minji also exchanged and reported on the “new propylene oxide preparation process”. He said that the first domestic CHPPO technology independently developed by Hongbaoli has the characteristics of “one special, two high and three low”, that is, it is particularly green and safe; high product quality, high return on investment; low investment, low unit consumption, and low cost. For more than 30 years since its establishment, the group has always adhered to the mission of “providing green products and services to make the world a better place”. Relying on technological advantages, it has deeply cultivated the subdivided fields of chemical industry and carried out strategic layout around the upstream and downstream of the industrial chain. From 2022, Hongbaoli will officially launch 100,000 to 300,000 tons of customizable CHPPO technology to the market to help the propylene oxide industry continue to upgrade and develop.

In the future, Hongbaoli and Yumei Fund will give full play to their respective expertise and continuously strengthen in-depth cooperation in propylene oxide and its derivatives, so as to realize resource sharing, complementary advantages, mutual benefit and coordinated development.