LG Chem to Cease High-Density Polyethylene Production in South Korea's Daesan

At the invitation of Chinese President Xi Jinping, French President Emmanuel Macron will make a state visit to China from December 3 to 5. During the visit, China and France will issue a joint statement on strengthening global governance, cooperating to address global climate and environmental challenges, continuing to promote cooperation in the peaceful use of nuclear energy, agricultural and food exchanges and cooperation, as well as the situations in Ukraine and Palestine.

On December 5, Haitai Technology responded to questions on the investor interactive platform, stating that the company is actively exploring the PEEK modified materials market, and currently has not yet formed any orders or sales.

An investor asked on the investor interaction platform: The pilot product with an annual production capacity of 30,000 tons in Qingdao has already been shipped in small batches. Has the pilot product been recognized by customers, and is it ready for mass production and shipment? On December 5, Hitec (301022.SZ) stated on its investor interaction platform that Qingdao serves as a pilot production base for modified plastics, with an annual production capacity of 30,000 tons. According to industry characteristics and customer requirements, products need to go through the stages of small-scale testing, pilot testing, small batch production, and mass supply before being recognized by customers. As of now, some customers have achieved mass supply.

Chen Zhen was fined a total of 2.4748 million yuan for tax evasion. Recently, the Third Inspection Bureau of the Beijing Municipal Tax Service, State Taxation Administration, investigated and dealt with the tax evasion case of online car reviewer Chen Zhen in accordance with the law. After investigation, from 2021 to 2023, Chen Zhen evaded a total of 1.1867 million yuan in personal income tax through methods such as concealing income, changing the nature of income, and making false declarations. In November 2025, the Third Inspection Bureau of the Beijing Municipal Tax Service, State Taxation Administration, based on relevant laws and regulations such as the Law of the People's Republic of China on the Administration of Tax Collection, the Individual Income Tax Law of the People's Republic of China, and the Administrative Penalty Law of the People's Republic of China, decided to recover the taxes, impose late payment fees, and levy fines totaling 2.4748 million yuan. Currently, the involved taxes, late payment fees, and fines have all been recovered and deposited into the treasury.The responsible official from the Third Inspection Bureau of the Beijing Municipal Tax Service of the State Administration of Taxation stated that concealing income, changing the nature of income, and making false declarations to avoid or reduce tax payments constitute tax evasion under the tax collection and management law. Paying taxes according to the law is the obligation of taxpayers. While fully implementing various tax and fee preferential policies and continuously optimizing tax and fee services, the tax authorities will firmly safeguard national tax security and uphold a fair legal and economic tax order.

Recently, the Weinan Municipal Bureau of Ecology and Environment announced a proposed approval decision for the environmental impact assessment documents of the 35,000 tons per year POR construction project, with the announcement period from December 2nd to December 8th. It is reported that the project, undertaken by Shaanxi Shaanxi Coal Xiechuangda New Materials Co., Ltd., includes the production installation of 35,000 tons per year (dry basis) polyolefin elastomer (POR) and supporting facilities, with a total investment of 1,319.67 million yuan. The production installation area and supporting engineering occupy a total area of 196.354 mu, equivalent to 130,903 square meters.