Core Viewpoint - Tianyang New Materials (Shanghai) Technology Co., Ltd. has decided to terminate certain fundraising projects and postpone others due to changes in the real estate industry and overall market demand, aiming to maximize the efficiency of fund usage and protect investor interests [1][5][11]. Fundraising Overview - In 2020, the company raised approximately RMB 386.99 million through a private placement of 16,929,124 shares at RMB 22.86 per share [1]. - In 2022, the company raised approximately RMB 986.50 million by issuing 99,847,765 shares at RMB 9.88 per share, with a net amount of RMB 967.39 million after deducting issuance costs [2][3]. Fund Investment Projects - The 2020 fundraising was allocated to projects including high-end environmentally friendly wall fabrics, with a total investment of RMB 148 million, of which RMB 37.39 million was utilized by May 2025 [3][4]. - The 2022 fundraising was directed towards photovoltaic film projects, with a total investment of RMB 154.54 million, and RMB 96.74 million utilized by May 2025 [4]. Termination of Fundraising Projects - The "High-end Environmentally Friendly Wall Fabric Project" has reached 100% investment progress, with a total of RMB 18.55 million expected to be used. The project will be terminated due to insufficient market demand in the home decoration sector [5][6]. - The remaining funds from the terminated project will be permanently redirected to supplement working capital for daily operations [4][5]. Postponement of Fundraising Projects - The company plans to postpone the completion of the "Hot Melt Adhesive Materials Project" and the "Photovoltaic Film Projects" to June 2026 due to delays in construction progress and market conditions [8][9]. - Factors affecting the delay include increased competition in the hot melt adhesive market and low demand for photovoltaic components, which have impacted project timelines [9][10]. Impact of Project Changes - The termination of the "High-end Environmentally Friendly Wall Fabric Project" is not expected to adversely affect the company's normal operations, as existing production lines can meet current needs [6][10]. - The postponement of projects is a cautious decision based on objective reasons and does not alter the intended use of funds or harm shareholder interests [10][11]. Approval Process - The decisions regarding the termination and postponement of projects were approved in the board and supervisory meetings held on May 26, 2025, and will be submitted for shareholder approval [11][12].

Group 1 - The 2025 International Rubber and Plastics Exhibition will be held from April 15 to 18 at the Shenzhen International Convention and Exhibition Center, focusing on the theme of "Transformation, Collaboration, and Sustainable Co-creation" [1] - The exhibition will cover an area of 380,000 square meters, featuring 4,500 renowned exhibitors from nine countries and regions, including Austria, France, Germany, Japan, and the UK [1] - The exhibition will consist of three major sections and 17 thematic areas, including nine thematic areas in the machinery equipment section and seven in the raw materials section, along with a special area for innovative technology products [1] Group 2 - The exhibition will emphasize high-end, intelligent, and high-tech innovative solutions, showcasing advanced and cost-effective materials and machinery technologies, such as carbon fiber composites for low-altitude economy applications and food-grade rPET [2] - The event will invite end buyers from industries such as electronics, new energy vehicles, medical, and packaging to participate in themed activities aimed at promoting industry transformation, upgrading, and efficiency enhancement [2] - Various forums and platforms will be held during the exhibition, including the 6th Plastic Recycling and Circular Economy Forum and the 3rd Scientist Forum, providing an efficient communication platform for exhibitors and professional buyers [2]