Core Viewpoint - Tianlu Technology has decided to terminate the "Expansion of Large-Sized Light Guide Plate Project" due to a decline in demand in the LCD panel industry, reallocating remaining funds to two new optical film projects and postponing the "New Optical Board Project" to August 13, 2026 [3][4]. Group 1: Project Adjustments - The company has approved the termination of the "Expansion of Large-Sized Light Guide Plate Project" primarily due to the industry's cyclical downturn, which has led to reduced demand for light guide plates since 2022 [4]. - Remaining funds of 11,333 million yuan will be invested in two new projects: 4,333 million yuan for the TAC Optical Film Project in Anhui Jiguang and 7,000 million yuan for the New Optical Film Production Project in Suzhou Yijia [4][5]. Group 2: Financial Details - The total investment for the TAC Optical Film Project is 620 million yuan, with a construction period from January 2024 to December 2026, aiming for an annual production capacity of 60 million square meters [6]. - The tax return period for the TAC project is approximately 7.97 years, with a post-tax internal rate of return of about 16.44% [6]. - The New Optical Film Production Project in Suzhou Yijia has a total investment of 300 million yuan, with a construction period from January 2026 to December 2028, targeting an annual production capacity of 24 million square meters [6]. - The tax return period for the Suzhou project is approximately 4.58 years, with a post-tax internal rate of return of about 40.03% [6]. Group 3: Shareholding and Project Timeline - Following the capital increase, Tianlu Technology's shareholding in Anhui Jiguang will rise to 56.4603%, with an additional investment of 30 million yuan from Chengdu Yuanhe Yuandian Venture Capital Partnership [6]. - The deadline for the "New Optical Board Project" has been extended from February 13, 2026, to August 13, 2026, based on macroeconomic conditions and construction progress [6].