Core Viewpoint - The company, Huaxin Environmental Protection, announced the termination of its hazardous waste disposal center project due to changes in market conditions and strategic adjustments, with a focus on high-value metal recovery and resource utilization of difficult-to-treat waste in the future [1] Summary by Relevant Sections Project Termination - The hazardous waste disposal center project will be terminated as of July 31, 2025, due to intensified competition in the raw material sector of the domestic hazardous waste disposal industry, leading to a decline in gross margins [1] Financial Details - As of the announcement, the project has utilized 50.2336 million yuan of the raised funds, which accounts for 21.84% of the planned total investment [1] - The remaining raised funds amount to 155.355 million yuan, which will continue to be held in a dedicated account for future investment projects based on market conditions and company needs [1] Strategic Focus - The company believes that the existing rigid landfill capacity is sufficient to meet its hazardous waste disposal business needs [1] - Future strategic focus will shift towards high-value metal recovery and the resource utilization of difficult-to-treat waste [1]