On November 29, 2025, the groundbreaking ceremony for ABAChem Shaoxing Pharmaceutical's innovative drug APIs and intermediates project was held at the Hangzhou Bay Shangyu Economic and Technological Development Zone. The event was attended by district leaders, park administration officials, Mr. Ruan Weixiang (Chairman of Zhejiang Longsheng Group), Mr. Cai Tong (Chairman and CEO of ABAChem), along with project management and construction teams, who collectively witnessed this milestone moment.