(Data pictures are for reference only)

On the evening of September 7, 2023, Tianci Materials (002709. SZ) announced that the company planned to use self raised funds to invest an additional 272 million yuan in the holding subsidiary Yichang Tianci Iron Phosphate Project with an annual output of 300000 tons (Phase II).

After the additional investment, the total investment of the project changed from 1.005 billion yuan to 1.277 billion yuan. As of the announcement date, the main pile foundation construction of the project has been completed, and the main production equipment has arrived in succession. The equipment installation and commissioning phase has entered, and all work is progressing in an orderly manner.

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