Texxon Holding Limited Announces Commencement of Operations at Henan Polystyrene Production Facility, A Milestone in Manufacturing Expansion Strategy

About this update from Texxon Holding Limited

SHANGHAI, China, July 07, 2026 (GLOBE NEWSWIRE) -- Texxon Holding Limited (Nasdaq: NPT) ("Texxon", together with its subsidiaries, the "Company" or "we"), a leading provider of supply chain management services in the plastics and chemical industries in East China, today announced that its Henan polystyrene production facility officially commenced operations in June 2026, marking the completion of the facility's construction and commissioning process and a significant milestone in the Company's strategic expansion into manufacturing. The commencement of operations represents an important step in Texxon's long-term development strategy. Since the launch of the project, the Company has carried out facility construction, equipment installation, system commissioning, personnel training and operational readiness preparations in accordance with applicable safety, environmental and industry standards. Prior to commencing operations, the facility successfully completed the required inspections and acceptance procedures relating to fire protection, environmental compliance, workplace safety and other regulatory requirements. Located in Taiqian County, Puyang City, Henan Province, at the intersection of Henan, Shandong and Hebei provinces, the facility benefits from a strategic location within one of China's major manufacturing and logistics corridors. According to an independent industry report published by SCI99, a leading commodity market intelligence provider in China, the Henan facility is strategically positioned to serve key downstream manufacturing regions across Central and Northern China. The report highlighted that the facility lies within a 500-km radius of China's major home appliance manufacturing hubs, including producers of refrigerators, washing machines, and air conditioners, and benefits from well-developed transportation links to major ports and railway networks. This strategic location is expected to enable efficient access to key customer clusters and logistics infrastructure, enhancing supply chain efficiency and responsiveness to market demand. The Henan facility has an annual production capacity for polystyrene of up to 600,000 tons and has been designed to support the production of a variety of general-purpose polystyrene ("GPPS") and high-impact polystyrene ("HIPS") products. These materials serve a wide variety of end-use applications, ranging from high-speed injection molding for consumer products and toys to more demanding applications such as air-conditioner housings, refrigerator liners, and other durable appliance components.

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