On March 31, Longhua New Materials announced the progress of the first phase of the nylon 66 project of its wholly-owned subsidiary. Currently, the 40,000-ton-per-year production facility of the first phase of Longhua High Materials Nylon 66 project has been completed and entered the debugging and trial production stage.

In light of market conditions, the company plans to adjust the product structure of the annual 40,000-ton production facility. The original 40,000-ton/year PA66 product structure will be modified to include PA66 (aliphatic nylon), long-chain nylon (bio-based), transparent nylon, and high-temperature nylon, while maintaining the total production capacity of 40,000 tons/year unchanged. Recently, Longhua Advanced Materials completed the preparation of the non-major change environmental impact analysis report for the Longhua Advanced Materials 1.08 million-ton/year PA66 project (Phase I) regarding the aforementioned product structure adjustment and passed the expert review.

It is reported that Longhua New Material held the third meeting of the third board of directors on April 18, 2022, and approved the proposal on investing in the construction of the Longhua High Material 108,000 tons/year PA66 project. The project will be implemented by its wholly-owned subsidiary Shandong Longhua High Polymer Materials Co., Ltd. (referred to as "Longhua High Material"), which plans to invest in the construction of a 108,000 tons/year PA66 project in the Chemical Industry Park of Gaoqing County, Zibo City, Shandong Province, with a total investment of approximately 7.3 billion yuan.