WUHAN YOUJI (02881) has announced that its wholly-owned Chinese subsidiary, Wuhan Youji, has entered into a series of transactions to establish a new non-wholly owned subsidiary. The purpose is to commercialize photochemical oxidation technology and to construct and operate an alternative project in Wuhan with an annual production capacity of 15,000 tons of aromatic aldehydes/esters. The primary business of the target company will involve the research and development, industrialization, and commercial production of photochemical oxidation technology and alternative aromatic aldehyde/ester series products; the development and production of new material technologies; and import/export activities. The target company combines the proprietary and groundbreaking photochemical oxidation technology provided by Wuhan Youji and Wuhan Guangyao, financial support from Wuhan Youji and its senior management members alongside the core technical team, and anticipated follow-on investment from state-owned enterprises in the Qingshan District. Leveraging Wuhan Youji's established capabilities in industrialization, construction, and operations, along with its sales network, and the ability to access relevant infrastructure and industry resources, the target company is positioned to accelerate the incubation and commercialization of this innovative technology. As the project represents the first commercial case of its kind globally, it is expected to generate significant economic and social benefits and support the long-term sustainable growth of the Group.