Hongze Xinxing Pharmaceutical Raw Material Co., Ltd. was established in July 2003. The company was originally located in the Industrial Park of Hongze County, Huai'an City, primarily engaged in the development and production of fragrance products and pharmaceutical intermediates. The company possesses strong technical capabilities, mature production process technologies, and certain experience in safety production management. Due to the limited land area of the original site, which hindered expansion, the company relocated to the Huai'an Salt Alkali Science and Technology Industrial Park in accordance with the requirements of Jiangsu Province and Huai'an City for specialized chemical industry rectification, aiming for long-term development. Hongze Xinxing invested 140 million yuan to construct projects with an annual production capacity of 200 tons of glycinamide hydrochloride, 1,000 tons of sodium tert-butoxide, 300 tons of di-tert-butyl dicarbonate, and 1,000 tons of sodium amide. The total land area for the project is 30,539.27 square meters (approximately 45.8 acres), with a total investment of 140 million yuan, of which 4.228 million yuan (accounting for 3.02% of the total investment) was allocated to safety and environmental protection facilities.