万润新能：关于部分超募资金投资项目延期的公告

Core Points - Wanrun New Energy announced a delay in the completion of its lithium iron phosphate project due to changes in market demand and the need to enhance high-end product supply capacity [2] - The project name has been changed to "120,000 tons/year high-density lithium iron phosphate project" following a technical upgrade of the production line [2] - The expected completion date for this part of the project has been postponed to December 2026, but the overall investment purpose and total amount remain unchanged [2] Company Summary - The company held its 23rd board meeting and 20th supervisory meeting on November 12, 2025, to discuss the investment project delay [2] - The project involves the production of 240,000 tons/year of lithium iron phosphate and is part of the company's broader investment strategy [2] - The delay is not expected to have a substantial impact on the implementation of the fundraising project [2] Industry Context - The decision to upgrade the production line reflects the company's response to evolving market demands for high-density lithium iron phosphate products [2] - The adjustment in production capacity and timeline indicates a strategic shift within the industry towards higher quality and more specialized products [2]