Beijing Business Daily News (Reporter Ma Huancheng Intern Wang Manlei) On the evening of May 20initialdarcadestageHuaxin New Materials (300717)(300717) disclosed that Jiangsu Huaxin High-tech Materials Co., Ltd.(hereinafter referred to as "Huaxin High-tech"), a wholly-owned subsidiary of the company, plans to use approximately 1 of its own fundsinitialdarcadestage2.1 billion yuan was purchased from Shanghai News Media Media Culture Media Co., Ltd. to purchase a house located on floors 1-4 (4 floors in total) of No. 5, Shenwen Media Plaza, Lane 1699, Xinzhen Road, Minhang District, Shanghai City.

Regarding the purpose of this transaction, Huaxin Xincai stated that the purchase of real estate is in line with the company's future development plan, which will allow Huaxin High-tech, a wholly-owned subsidiary, to take advantage of Shanghai's location advantages to attract high-end talents needed for the company's business development, and enhance the company's innovation and development. R & D capabilities and operating capabilities provide guarantees for the company's high-quality development and sustainable development.

2021-2023 In 2010, Huaxin Xincai achieved operating income of approximately 3%.initialdarcadestage.24 billion yuan, 344 million yuan, 327 million yuaninitialdarcadestage; The corresponding attributable net profit was approximately 20.9654 million yuan, 40.0656 million yuan, and 40.9812 million yuan respectively.

It is understood that Huaxin Xincai is a company specializing in the research and development, production and sales of functional film materials. The company's products are mainly used in finance, communications, decoration, decoration, packaging, social protection, safety, traffic management and other fields.