In mid-April 2023, Rainbow Argentina purchased another 6 hectares of land in the Buenos Aires Ezeiza Industrial Park and will start the construction of a new factory there; the construction scope of the project includes a production line with an annual output of more than 40,000 tons of SL, SG, WG, EC, as well as supporting storage, public works, office buildings, and other building facilities, the production line has a relatively high level of technology and automation. Drawing design and formalities have been started, and all work is proceeding smoothly as planned.

The plant will be fully completed and operated in the fourth quarter of 2024. At that time, Rainbow Argentina will have two preparation processing plants, including Green Crop, which it controlled in 2015. It will further expand production capacity, continue to improve the company's high-quality orders and fast delivery capabilities, serves customers better and more timely, and provide a strong guarantee for the continued and stable growth of business in Argentina and even South America.

Rainbow Agro will strive to explore the full-process methodology for the landing of excellent overseas formulation factories in the high-standard construction of overseas formulation factories, cultivate the team of fighters who go overseas with the high-end formulation, create a number of strong bases to graft the advantages of Chinese formulation processing to overseas, and lay the strong foundation for our company's expansion and product supply in major global markets.