The board of directors of China XLX Fertiliser Ltd. announced that the Group intends to invest approximately RMB 93 million in the construction of a methanol production facility at the fourth plant of its fertilizer production base located in Xinxiang Economic Development Zone, Henan Province. The construction of the Project is expected to take 10 months. The commissioning of the Project is expected to create additional production capacity of methanol for the fourth plant of up to 300,000 tonnes per year and allows the Group the flexibility to adjust the production volume of urea, an existing product, and methanol, a new product of the fourth plant, according to the market conditions and the profitability of products at different times.