Huitian New Materials: Wholly-Owned Subsidiary Experiences Fire Accident, Temporarily Suspends Production and Operations

2026-03-19 04:22:58

People’s Financial News, March 17 — Huantian New Materials (300041) announced on March 17 that around 13:52 on March 16, its wholly owned subsidiary, Hubei Huantian New Materials (Yicheng) Co., Ltd. (referred to as “Yicheng Huantian”), experienced a fire in the soft packaging workshop, Areas 1 and 2. Preliminary verification shows that the fire caused varying degrees of damage to the factory buildings, equipment, and inventory of Yicheng Huantian’s soft packaging workshop. The fire did not affect other production lines in the plant. The specific amount of loss is still being assessed. On March 17, Yicheng Huantian received a “On-Site Handling Measures Decision” issued by the Yicheng City Emergency Management Bureau, ordering Yicheng Huantian to evacuate personnel from the plant, suspend operations temporarily, and wait until the cause of the fire is clarified. Production and use can only resume after review and approval.

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