Core Viewpoint - The company, Conglin Technology (688370.SH), announced a reduction in the investment amount for its waste disposal project due to changes in market conditions and the need for optimized use of raised funds [1] Group 1: Project Adjustments - The company plans to reduce the investment amount by 150 million yuan for the Yuncheng Industrial Waste Comprehensive Utilization Disposal Base project [1] - The funds will be redirected to a new project, the expansion and renovation of the hazardous waste disposal project in the Sheyang Port Economic Zone [1] - As of August 31, 2025, the original project has already utilized 3.209 million yuan of the raised funds, with the remaining funding gap to be covered by the company’s self-raised funds [1] Group 2: Market Conditions - The decision to adjust the project funding is primarily due to intensified competition in the hazardous waste industry and uneven regional capacity distribution [1] - The company is prioritizing the funding allocation for projects with greater market potential, particularly in the Jiangsu region [1]