Group 1 - The company plans to establish a wholly-owned subsidiary, Guangdong Pulite New Materials Co., Ltd., with a registered capital of 200 million yuan to enhance market competitiveness and accelerate strategic development [2] - The company intends to invest in the construction of a headquarters and R&D manufacturing base for modified plastic materials in Nansha, Guangdong, focusing on high-performance composite materials such as modified PP, ABS, PA, PC, PEEK, PPS, LCP, and carbon fiber reinforced materials [2] - The board of directors approved the termination of the investment project for sodium-ion and lithium-ion battery production in Liuyang, Hunan, due to changes in the macro environment and intensified competition in the lithium battery industry [2] Group 2 - The board meeting was held on June 25, 2025, with all members ensuring the accuracy and completeness of the announcement [1] - The company has a stable and mature market in Guangdong, with quality upstream and downstream resources, making it an ideal location for the South China market [1] - A second temporary shareholders' meeting is scheduled for July 17, 2025, to review the board's resolutions [2]

Core Viewpoint - The article discusses the termination of a project by Shanghai Pulite Composite Materials Co., Ltd. and its subsidiary Jiangsu Haisida Power Co., Ltd. due to changes in the macro environment of the new energy industry, emphasizing the company's strategic focus on sodium-ion and solid-state batteries moving forward [3][6][8]. Group 1: Project Investment Overview - The project aimed to establish a sodium-ion and lithium-ion battery production base in Liuyang, Hunan, with a land use right acquired for the project [5]. - The project was initially signed in June 2023, but no substantial construction had commenced by the time of the announcement [5]. Group 2: Termination of Project Investment - The decision to terminate the project was made after careful consideration of the changing macro environment in the new energy sector, leading to mutual agreement with the Liuyang Economic and Technological Development Zone to end the investment [6]. - The company will return the land use rights and relevant fees, including land transfer fees, deed tax, and deposits [6]. Group 3: Impact of Project Termination - The termination of the project is not expected to adversely affect the company's existing operations or performance, nor will it hinder the development of its new energy business [8]. - The company continues to focus on strategic development in sodium-ion and solid-state batteries, having established partnerships with leading industry players and securing orders for future deliveries [8]. - Since its establishment in 1993, the company has been a leader in modified composite materials, with a significant presence in the automotive sector and a recent expansion into the lithium battery field [8].