Ground-breaking ceremony for Nova Guanyin’s new factory Expanding global market order-taking layout Developing new green energy businesses Implementing the blue sky and green land plan

On the 19th, Nova held a ground-breaking ceremony for the expansion of its new factory in Guanyin District, Taoyuan. Chairman Yang Lianzhi said that the total investment in this factory reached 600 million yuan, which can create at least 20 job opportunities. The base area of this case is 1,107 square meters, and the total floor area of the built factory is 1,650 square meters. It is expected to be completed in the second quarter of 2024; in addition to the implementation of 2022 In addition to applying for incentives and subsidies through the Taoyuan City Industrial Development Autonomy Ordinance in November 2018, the existing "Blue Sky Project" has continued to expand its demand for urea in the urea market. Its application scope covers the automotive, industrial, agricultural and marine fields, extending from mobile pollution sources to stationary pollution sources, including power plants, boilers, and the electric fuel industry. When the new Guanyin factory in Taoyuan is completed in the future, it will also implement the "Greenfield Plan", which will decompose and recycle discarded mattresses to develop new fuels. As a pioneer in circular economy and ESG in the industry, we also look forward to using a more complete environment and machinery and equipment to improve quality and service capabilities. We also hope to grow and thrive in tandem with major nearby manufacturers and deepen our presence in Taoyuan.

The ceremony also invited Director Zhang Cheng of the Taoyuan City Economic Development Bureau to attend the groundbreaking ceremony. Chen Wande, deputy CEO of the Taoyuan City Industrial and Commercial Development and Investment Promotion Association, also attended on behalf of the mayor to pray for the new factory and start the shovel.