Core Viewpoint - The company, Yaxing Anchor Chain, has approved an investment proposal for the research and industrialization of key mooring equipment and integrated systems for deep-sea large floating bodies, with a maximum investment of 300 million yuan [1]. Group 1: Investment Details - The company plans to use its own funds to participate in a land auction in the Jingjiang Economic and Technological Development Zone, specifically at the intersection of Sunong Road and Nanqing Road [1]. - The investment amount for the project is capped at 300 million yuan [1]. Group 2: Strategic Importance - The project aligns with the company's industrial development direction and is expected to enhance its overall competitiveness [1]. - The technology for the project is deemed reliable, with established market sales channels and strong risk resistance capabilities [1]. Group 3: Risks and Uncertainties - There are uncertainties regarding the ability to secure land use rights, the final transaction price, and the timing of acquisition [1]. - The investment amount and operational funding are estimated figures, and the implementation timeline may also face uncertainties [1].

Core Points - The company’s board of directors held a meeting on November 18, 2025, where all 9 directors participated and voted unanimously on key proposals [1][2][6] - The board approved an investment proposal for the research and industrialization of deep-sea large floating body mooring equipment and integrated systems [2][3] Investment Details - The company plans to use its own funds to participate in a land auction for a site located at the intersection of Su Nong Road and Nan Qing Road in the Jingjiang Economic and Technological Development Zone, with an investment cap of 300 million RMB [3] - The project aligns with the company’s industrial development direction, has reliable technology sources, established market sales channels, and strong risk resistance capabilities [3] Approval Process - The investment decision does not require submission to the shareholders' meeting, does not constitute a related party transaction, and is not classified as a major asset restructuring [5]

Core Viewpoint - The company, Jiangsu Yaxing Anchor Chain Co., Ltd., has approved an investment project aimed at enhancing its competitiveness through the development and industrialization of key mooring equipment and integrated systems for deep-sea large floating bodies, with a maximum investment of 300 million RMB [2][3]. Group 1 - The board of directors held a meeting on November 18, 2025, with all 9 directors present, and unanimously approved the investment proposal [1][4]. - The project will be located in the Jiangsu Economic and Technological Development Zone, specifically at the southeast corner of the intersection of Sunong Road and Nanqing Road [2]. - The investment is expected to significantly promote the company's further development, as the project aligns with its industrial development direction and has reliable technology sources and strong market sales channels [2]. Group 2 - The investment does not require approval from the shareholders' meeting and is not classified as a related party transaction or a major asset restructuring [3]. - The voting results showed unanimous support with 9 votes in favor, 0 against, and 0 abstentions [4]. Group 3 - The company acknowledges potential uncertainties regarding the acquisition of land use rights, final transaction prices, and project implementation timelines, which may pose market and operational risks [2].