Group 1: Company Overview - Shenzhen Textile (Group) Co., Ltd. (referred to as "Shenzhen Textile A") participated in the "2025 Shenzhen Listed Companies Investor Online Reception Day" on November 20, engaging with online investors through the investor relations interactive platform [1] Group 2: Raw Material Localization - The company addressed concerns regarding reliance on Japanese suppliers, stating that while raw material supply is primarily from imports, it has made progress in localizing key materials such as release films and protective films [2] Group 3: Mergers and Acquisitions - In response to inquiries about potential acquisitions or business optimization, the company indicated it will follow Shenzhen's "20+8" strategic emerging industries policy and explore opportunities in the polarizer sector, aiming for long-term development and value enhancement [3] Group 4: Business Transformation - The company clarified its transition from a textile background to focusing on high-tech products, specifically liquid crystal display polarizers, while phasing out traditional textile and apparel operations [4] Group 5: Investor Communication - The investor reception day is part of an initiative to enhance communication between the company and investors, with a commitment to using platforms to address market concerns and ensure investor rights to information [5]

Group 1: Raw Material Supply and Localization - The company primarily relies on imported suppliers for raw materials, but has made progress in localizing supplies for products like release films and protective films [1] - The company is actively exploring investment opportunities in the polarizer and related fields, particularly in light of the restructuring of state-owned enterprises in Shenzhen [1] Group 2: Business Strategy and Development - The company is aligning with Shenzhen's reform policies and aims to enhance its "14th Five-Year Plan" by expanding existing business and investing in new growth areas [2] - The company is exploring merger and acquisition opportunities in the polarizer sector to support long-term development and enhance corporate value [2] - The company has transitioned from a textile background to focus on high-tech products, specifically liquid crystal display polarizers, while phasing out traditional textile and apparel operations [2]