Core Viewpoint - The company plans to invest in the expansion of its subsidiary, aiming to enhance its production capacity of electronic-grade fiberglass cloth, which is expected to improve its competitiveness in the market [1] Investment Details - The total investment for the project is expected to be no more than 100 million RMB, with fixed asset investment around 50 million RMB and working capital also around 50 million RMB [1] - The project is anticipated to begin trial production by the end of December 2026 [1] Strategic Importance - The expansion will meet the demand for electronic-grade fiberglass cloth from the subsidiary, ensuring a stable supply of raw materials [1] - This move is expected to strengthen the company's competitive position in the industry [1]

Group 1 - The company, Shaoxing Xingxin New Materials Co., Ltd., has approved an investment contract to establish a wholly-owned or controlling subsidiary in the China-Malaysia Qinzhou Industrial Park for the construction of a project with an annual production capacity of 15,300 tons of polyolefin amine series products [2][25]. - The registered capital for the newly established joint venture, Guangxi Xingxin New Materials Co., Ltd., is set at RMB 100 million, with Shaoxing Xingxin contributing RMB 70 million, representing 70% of the capital [3][9]. - The investment does not involve related party transactions and does not constitute a major asset restructuring as defined by the regulations [4]. Group 2 - The joint venture will be established with three partners: Guangxi Zhibo Ketuo New Materials Technology Development Co., Ltd., Xinno Environment (Zhejiang) Co., Ltd., and Shandong Jinbo Petrochemical Co., Ltd., each contributing varying amounts to the registered capital [3][5][7]. - The joint venture aims to enhance operational efficiency and financial stability for the implementation of the 15,300 tons polyolefin amine project, aligning with the company's strategic development direction [25]. - The company plans to fund the joint venture through its own capital and will consolidate the joint venture's financials into its own reports, indicating no significant impact on the current year's financial status [25].