Nongshang Environment Says Chip Project Progress Has Lagged Market Expectations

Nongshang Environment said its semiconductor-related project rollout has progressed more slowly than market expectations due to multiple external factors. According to Jin10, the company said on June 18 on an interactive investor platform that since entering semiconductor-related business, it has continued to coordinate industry resources and improve supporting conditions for business implementation. It said earlier progress was affected by factors including the industry cycle, funding constraints, and supply-chain support. The company added that if its chip business achieves phased, substantive progress that meets disclosure requirements, it will comply with regulatory rules and promptly fulfill its information disclosure obligations.