方大炭素：拟参与杉杉集团重整

Core Viewpoint - The company has approved participation in the restructuring investment recruitment of Shanshan Group and its wholly-owned subsidiary Ningbo Pengze Trading Co., Ltd, aiming to enhance its negative electrode industry layout and supply chain stability [1] Group 1 - The board meeting is scheduled for November 24, 2025, to review the proposal for participation in the restructuring [1] - The company aims to achieve industrial chain integration and improve profitability and core competitiveness through this restructuring [1] - There are uncertainties regarding the restructuring investment, including the possibility of becoming a formal restructuring investor and the effectiveness of the integration [1]