Group 1 - The company announced the termination of the "Commercial Professional Pump Industrialization Project" [1] - The decision was made during the eighth meeting of the fifth board of directors held on August 20, 2025 [1] - The remaining raised funds will be permanently allocated to supplement working capital [1]

Group 1 - The core focus of the company is on the compressor, vacuum pump, and hydraulic pump sectors [1] - The company's main products do not include water pump products [1]

Core Viewpoint - KNF remains optimistic about the continuous robust development of the Chinese market and actively adjusts itself to meet the fast-paced and technologically iterative demands of the market, aiming to grow alongside China's progress [1][12]. Group 1: Business Overview and Market Position - KNF, founded in 1946 as a small family business in Germany, has expanded its presence to over 24 countries with thousands of employees, with the Chinese market being a crucial part of its global strategy [3]. - KNF's operations in China have been significant, ranking among the top three in the group's global business, and it has been innovating locally to lead industry development [3][5]. Group 2: Product and Technology Innovation - KNF focuses on diaphragm pump technology, covering three main areas: industrial, laboratory, and process industries, with applications in over 50 sectors including medical devices, environmental protection, and aerospace [5][6]. - The company employs a modular design philosophy to cater to diverse customer needs, allowing for customized solutions that balance cost control and flexibility [6][9]. Group 3: Market Challenges and Strategic Focus - In 2024, KNF identified medical and renewable energy as key areas for growth, with over 50% of its business coming from the medical sector, expanding into advanced medical fields [8][9]. - The company has established partnerships in emerging fields such as proton exchange membrane fuel cells and solar cell manufacturing, aiming to support national energy-saving and carbon reduction initiatives [8][9]. Group 4: Adaptation to Local Market Conditions - KNF has implemented measures to mitigate the impact of tariffs and currency fluctuations, including local sourcing and providing high-value products and services to enhance customer competitiveness [12]. - The company has adapted its technology to meet local market demands while ensuring compliance with both EU and Chinese regulations, facilitating local innovation [12][13].