Group 1 - The company held its seventh temporary board meeting of the tenth session on August 5, 2025, with 9 directors present, confirming compliance with legal and procedural requirements [1][2] - The board proposed to sign an investment agreement with the Tongshan County People's Government for a low-carbon materials production project, planning to invest 120 million yuan in the development and production of recycled copper low-carbon materials [1][2] - The board requested authorization from the shareholders' meeting for the chairman to manage the investment and related agreements within the approved investment amount [1][2] Group 2 - The board's proposal to establish a joint venture, Tongshan Shenwu Low-Carbon Material Technology Co., Ltd., with Tongshan Tongtai Supply Chain Co., Ltd. and Hubei Zhongyi Copper Industry Co., Ltd., was approved with 9 votes in favor [2] - The company plans to hold its second temporary shareholders' meeting on August 25, 2025, at 14:30 to discuss the proposals [2]

Core Viewpoint - The company plans to invest 120 million yuan in a low-carbon materials production project in Tongshan County, which aligns with national carbon reduction goals and aims to enhance the company's competitiveness and profitability [2][4]. Group 1: Investment Overview - The company intends to sign an investment agreement with the Tongshan County government, with a planned investment of 120 million yuan, where the company's actual contribution will be approximately 61.2 million yuan, representing a 51% stake [2][3]. - The joint venture will be established with Tongshan Tongtai Supply Chain Co., Ltd. and Hubei Zhongyi Copper Industry Co., Ltd., with a registered capital of 10 million yuan [2][3]. - The project will focus on the research and production of recycled copper low-carbon materials, with a factory area of 30,000 square meters [4]. Group 2: Project Details - The project is expected to commence construction within three months and be completed and put into production within twelve months [4]. - The agreement includes provisions for project support from the local government, including assistance with registration, project filing, and environmental impact approvals [4]. Group 3: Risks and Impacts - The investment carries financial risks related to funding sources and potential changes in credit policies, which may affect the company's cash flow management [5]. - The project may face uncertainties due to market conditions, regulatory changes, and competition in the recycled materials industry, which could impact expected project benefits [6]. - The long-term impact on the company's development will depend on the progress and implementation of the project [5][6].

Group 1 - The company plans to sign an investment agreement for a low-carbon materials production project with the Tongshan County People's Government, with a total investment of 120 million yuan [1] - The actual investment amount required from the company, based on its 51% shareholding, is approximately 61.2 million yuan [1] - To ensure the research and production of recycled copper low-carbon materials, the company will establish a joint venture named Tongshan Shenwu Low-Carbon Material Technology Co., Ltd. with Tongshan Tongtai Supply Chain Co., Ltd. and Hubei Zhongyi Copper Industry Co., Ltd., with an expected registered capital of 10 million yuan [1] Group 2 - The company will contribute 5.1 million yuan to the joint venture, holding a 51% stake [1]