Core Points - Company announced the approval of new fundraising projects and adjustments to existing fundraising project investment amounts during the second board meeting on September 25, 2025 [1] - Yancheng Yuanshun, a controlling subsidiary, will be the implementation entity for the "Shiyang Port Economic Zone (Industrial Zone) Hazardous Waste Disposal Expansion and Renovation Project" [1] - The company plans to use CNY 150 million of raised funds to increase capital for Yancheng Yuanshun through its wholly-owned subsidiary Shanghai Zhonglin Environmental Technology Co., Ltd [1] Financial Adjustments - The capital increase will raise Yancheng Yuanshun's registered capital from CNY 80 million to CNY 230 million [1] - After the capital increase, the company's indirect ownership in Yancheng Yuanshun will increase from 80% to 93%, enhancing control over the implementation entity for the fundraising project [1] - The minority shareholder, Suzhou Shunkeda Environmental Technology Co., Ltd, will waive its proportional capital increase rights [1] Governance and Approval - The capital increase and project adjustments are subject to approval by the company's shareholders [1]