Core Viewpoint - The company has decided to redirect approximately 1.23 billion yuan of previously planned fundraising for a PVDF project to other high-performance fluorine material projects due to market conditions and project uncertainties [1] Group 1: Project Changes - The original plan was to use 1.23 billion yuan to establish a 20,000 tons/year PVDF project in Weinan, Shaanxi, expected to be operational by July 2026 [1] - Due to a prolonged downturn in the PVDF market, rapid technological changes, and slower-than-expected project progress, the construction of the PVDF project faces significant uncertainty, with only 0.04% of the investment utilized [1] - The company plans to reallocate 1.2295502 billion yuan of unused funds to several new projects, including a 26,000 tons/year high-performance organic fluorine materials project, a 4,000 tons/year high-end fluorine fine chemicals project, a new energy materials industrialization project, and an environmentally friendly fluorine materials project [1] Group 2: New Project Details - The total investment for the new projects is approximately 3.3467621 billion yuan, with locations in Zigong, Sichuan; Shaoxing, Zhejiang; and Jingzhou, Hubei [1] - The new projects are expected to be completed by December 2028 at the latest [1] - The adjustments have been approved by the company's board and strategic committee, pending shareholder meeting approval, with no objections from the independent financial advisor, CITIC Securities [1] Group 3: Strategic Implications - The reallocation of funds is aimed at optimizing resource allocation, promoting product structure upgrades, and enhancing the company's core competitiveness in the high-end fluorine materials sector [1] - The changes are expected to have a positive impact on the company's long-term development [1]