en.Wedoany.com Reported - Nantong Tahoe Group Co., Ltd. (Tahoe Group, 301665.SZ) announced on June 15, 2026, that its Egypt pesticide and functional chemicals project has received the "Notice of Filing for Overseas Investment Project" (Su Fa Gai Wai Zi Fa [2026] No. 481) issued by the Jiangsu Provincial Development and Reform Commission and the "Certificate of Overseas Investment by Enterprises" (Overseas Investment Certificate No. N3200202600679) issued by the Jiangsu Provincial Department of Commerce, completing the filing procedures with domestic competent authorities and the overseas investment permit process. The project plans to build a production base in Egypt with an annual capacity of 113,000 tons of pesticides and functional chemicals, with a total investment not exceeding USD 271 million.
Nantong Tahoe Group Co., Ltd., established in 2004 and headquartered in Nantong City, Jiangsu Province, was listed on the ChiNext board of the Shenzhen Stock Exchange in 2025. The company is primarily engaged in the research, development, production, and sale of pesticide products and functional chemicals, holding a leading industry position in products such as chlorothalonil and azoxystrobin. The project was initially approved by the company's board of directors on May 19, 2025, with an initial planned annual capacity of 80,000 tons and an investment amount not exceeding USD 150 million. Subsequently, based on further assessment of market opportunities and the need to deepen integrated layout, the company convened the fourth meeting of the fourth board of directors on November 20, 2025, and an extraordinary shareholders' meeting on December 8, 2025, increasing the project's annual capacity from 80,000 tons to 113,000 tons and the total investment from no more than USD 150 million to no more than USD 271 million, representing a capacity increase of 41.25% and an investment increase of 80.67%.
In May 2026, Tahoe Group completed the registration of the project's implementing entity in Egypt—Headway Chemical Industry Company Ltd—and obtained the local business license. The registered capital of the project company is RMB 550 million, with its registered address located in the Suez Canal Economic Zone in Ataka, Suez Governorate. The successful completion of this filing and permit process further solidifies the compliance foundation for project implementation and holds positive significance for Tahoe Group's long-term strategic deployment and sustainable development. The company also noted that the project still requires subsequent filings with foreign exchange authorities and local approvals in Egypt, posing uncertainties related to domestic and foreign approvals, as well as risks associated with local laws, business environment, and exchange rate fluctuations.
The advancement of this project represents a key component of Tahoe Group's internationalization strategy. Upon completion, it will further enhance the company's overseas production and service network, improving local responsiveness and market competitiveness for its products.
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