Core Points - Titan Co. announced the postponement of the "Hangzhou R&D Center Construction Project" completion date to May 2026 while maintaining the original investment project parameters [2] Group 1 - The 15th meeting of the 10th board of directors was held on November 19, 2025, to review the postponement proposal [2] - The postponement does not involve changes to the project implementation entity, method, construction content, investment purpose, or investment scale [2] - The board's approval for the postponement falls within its authority and does not require shareholder meeting approval [2]

Core Viewpoint - Titan Co. announced a delay in the completion date of its "Hangzhou R&D Center Construction Project" to May 2026 due to external environmental changes and a cautious approach to project construction and fixed asset investment [1] Group 1: Project Details - The project is planned to invest 55.5 million yuan, funded through the issuance of convertible bonds to unspecified investors [1] - The funds will be used for purchasing property, renovation, and acquiring equipment for R&D infrastructure [1] Group 2: Impact of Delay - The delay does not involve changes to the project implementation entity, method, construction content, fundraising purpose, or investment scale [1] - The company asserts that the delay will not adversely affect its normal production operations or overall fundraising arrangements [1] - There is no change in the direction of the use of raised funds, and it does not harm shareholder interests [1]