Core Viewpoint - A new individual business named Yuanmou County Hong'an Packaging Business has been established, focusing on various packaging and sales services [1] Company Summary - The legal representative of the new business is Wang Yulan [1] - The registered capital of the business is 100,000 RMB [1] - The business scope includes sales of packaging materials and products, packaging services, sales of plastic packaging containers for food, sales of plastic products, sales of paper products, sales of molds, wholesale and retail of hardware products, sales of building materials, sales of decorative building materials, sales of daily necessities, sales of rubber products, manufacturing and sales of daily glass products, and sales of metal products [1]

Core Viewpoint - The company has established a wholly-owned subsidiary, Guizhou Steel Wire Sales Co., Ltd., to enhance its sales system and adapt to market competition, aiming to stimulate the marketing team's vitality and explore new business growth points [2]. Group 1 - The subsidiary is located in Honghuagang District, Zunyi City, Guizhou Province [2]. - The registered capital of the new subsidiary is RMB 1 million [2]. - The investment to establish the subsidiary does not require approval from the company's board of directors or shareholders' meeting [2].

Group 1 - The company, Bowei Alloy (601137.SH), plans to invest up to $15 million to establish a wholly-owned subsidiary in Morocco named Bowei Alloy New Materials (Morocco) Co., Ltd [1] - The investment will be used to construct a project with an annual production capacity of 30,000 tons of special alloy electronic material strips [1] - The investment amount includes expenses related to setting up the subsidiary, purchasing land, and constructing fixed assets and supporting facilities [1] Group 2 - The construction of the Moroccan production base will be implemented in phases based on business progress and specific circumstances [1] - This external investment does not require approval from the company's shareholders meeting but must complete relevant approvals and filings with domestic authorities such as commerce, development and reform, and foreign exchange management [1] - Local approvals and registrations from relevant Moroccan authorities are also required for the investment [1]

Core Viewpoint - The company plans to invest up to $150 million in Morocco to establish a production base for special alloy electronic materials, aiming to meet the demands of leading international clients and enhance its global competitiveness [1][2] Group 1: Investment Details - The investment will fund a project with an annual production capacity of 30,000 tons of special alloy electronic materials [1] - A wholly-owned subsidiary, Bowei Alloy New Materials (Morocco) Co., Ltd., will be established as the implementation entity for this project [1] Group 2: Market and Client Focus - The primary target markets for the project are North America and Europe, catering to the needs of Fortune 500 clients [1] - The company has received high recognition from Fortune 500 clients for its alloy strip business, which necessitates the establishment of an overseas manufacturing base to shorten delivery times and ensure a smooth supply chain [1] Group 3: Strategic Alignment - This investment aligns with the company's strategic plan to expand its international operations and respond to the rapidly growing overseas demand from international clients [2] - The project is expected to effectively address complex international trade policy changes and enhance the company's international operational capabilities [2]

Core Viewpoint - The company plans to invest up to $150 million in Morocco to establish a production base for special alloy electronic materials, aiming to meet the demands of leading international clients and enhance its global competitiveness [1][2] Group 1: Investment Details - The investment will fund a project with an annual production capacity of 30,000 tons of special alloy electronic materials [1] - A wholly-owned subsidiary, Bo Wei Alloy New Materials (Morocco) Co., Ltd., will be established as the implementation entity for this project [1] Group 2: Market and Client Focus - The primary target markets for the project are North America and Europe, catering to the needs of Fortune 500 clients [1] - The company has received high recognition from Fortune 500 clients for its alloy strip business, which necessitates the establishment of an overseas manufacturing base to shorten delivery times and ensure a smooth supply chain [1] Group 3: Strategic Alignment - This investment aligns with the company's strategic plan to expand its international operations and respond to the rapidly growing overseas demand from international clients [2] - The project is designed to effectively address complex international trade policy changes and enhance the company's international operational capabilities [2]

Core Viewpoint - The company plans to invest up to $150 million in Morocco to establish a production base for special alloy electronic materials, with an annual production capacity of 30,000 tons [1] Group 1 - The company will set up a wholly-owned subsidiary named Bowei Alloy New Materials (Morocco) Co., Ltd. to implement the project [1] - The investment in Morocco marks a strategic shift as the company has decided to terminate its plans to establish a wholly-owned subsidiary and production base in Vietnam [1]

Core Viewpoint - The company has decided to terminate the establishment of a wholly-owned subsidiary in Vietnam and invest in a production base, while simultaneously approving the establishment of a new subsidiary in Morocco for a significant investment project [1] Group 1: Project Termination - The board of directors has approved the termination of the project to establish a wholly-owned subsidiary in Vietnam and invest in a production base [1] - As of now, the subsidiary has not been established, and the project has not commenced construction [1] Group 2: New Investment in Morocco - The board has approved the establishment of a wholly-owned subsidiary in Morocco, with a planned investment of up to $150 million [1] - The project aims to build a production base with an annual capacity of 30,000 tons of special alloy electronic material strips [1] - The new subsidiary will be named Bo Wei Alloy New Materials (Morocco) Co., Ltd. (tentative name) and will serve as the implementation entity for the project [1]

Core Points - The company announced the termination of its project to establish a wholly-owned subsidiary and invest in a production base in Vietnam due to significant changes in international trade policies that did not meet the company's investment return requirements [1] - The decision was made during the sixth board meeting held on November 7, 2025, where the proposal to terminate the project was approved [1] - As of now, the subsidiary has not been established, and the project has not commenced construction [1]

Core Viewpoint - The company has decided to terminate its plan to establish a wholly-owned subsidiary and invest in a production base in Vietnam, while simultaneously approving a new investment project in Morocco for the establishment of a subsidiary and production base for special alloy electronic materials [1] Group 1 - The board of directors approved the termination of the project in Vietnam, which has not yet commenced construction and the subsidiary has not been established [1] - The company plans to invest up to $150 million in Morocco to build a production base with an annual capacity of 30,000 tons of special alloy electronic materials [1] - A new wholly-owned subsidiary, tentatively named Bo Wei Alloy New Materials (Morocco) Co., Ltd., will be established as the implementing entity for the Morocco project [1]

Core Viewpoint - Guizhou Steel Rope Co., Ltd. (600992.SH) has established Guizhou Steel Rope Sales Co., Ltd. to enhance its sales system and adapt to market competition, aiming to stimulate the marketing team's vitality and explore new business growth points [1] Group 1 - The newly established sales company has a registered capital of RMB 1 million [1] - The purpose of the sales company is to create a flexible, responsive, and highly market-oriented professional sales platform to improve the parent company's brand influence and market share in core markets [1] - The sales company will be included in the company's consolidated financial statements and will not harm the interests of the listed company and its shareholders [1] Group 2 - The establishment of the sales company is expected to have a positive long-term impact on the company's development and will not adversely affect the company's financial and operational status [1]