冠豪高新：特种纤维复合材料中试试验线项目已于2025年12月投入中试运行，目前中试产品正在送样测试

Group 1 - The company is actively advancing the land reserve plan for the Hongta Renheng site in Zhuhai's Xiangzhou District, as highlighted in the district's 2026 key work plan [2] - As of now, the company has completed preliminary surveying and assessment work in cooperation with relevant departments for the land reserve [2] - The company is committed to timely information disclosure regarding the progress of this matter in accordance with legal regulations [2] Group 2 - The company's ongoing projects include the Zhanjiang Zhongzhi 400,000 tons of chemical pulp project and the pilot test line for special fiber composite materials [2] - The Zhanjiang Zhongzhi project, a core part of the company's integrated pulp and paper strategy, is progressing efficiently and is expected to achieve production ahead of schedule by November 2025 [2] - The project has already begun supplying pulp to the company's white cardboard production line, with a substitution rate of nearly 80% for similar pulp types [2] - The pilot test line for special fiber composite materials has entered the trial operation phase as of December 2025, with products currently undergoing market access verification [2]