Announcement of the Board of Directors approved to Taiwanese investment return action plan.
· Issued by Longchen Paper & Packaging Co. Ltd.
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Today's Information
Provided by: Longchen Paper & Packaging Co., Ltd.
SEQ_NO
3
Date of announcement
2022/08/12
Time of announcement
14:08:19
Subject
Announcement of the Board of Directors approved to
Taiwanese investment return action plan.
Date of events
2022/08/12
To which item it meets
paragraph 15
Statement
1.Date of the resolution of the board of directors or
shareholders meeting:2022/08/12
2.Content of the investment plan:
Our Eco-Packaging Plant Upgrades and increase biomass projects.
3.Projected monetary amount of the investment:NTD 3,537,000,000
4.Projected date of the investment:2022Q4 - 2025Q4
5.Source of capital funds:Longchen P&P owned funds or bank financing
6.Specific purpose:
Responds to the Ministry of Economic Affairs's promotion of "Welcome
Taiwanese investment return action plan 3.0" and Taiwan's Pathway to
Net-Zero Emissions in 2050. Increase investment in Taiwan and implement
the Longchen P&P's carbon reduction goals and corporate responsibility
for environmental protection and sustainable operation.
7.Any other matters that need to be specified:None.
