Core Points - The company held its 31st meeting of the 10th Board of Directors on November 21, 2025, with all 9 directors present, ensuring compliance with legal and regulatory requirements [1][4] Group 1: Project Adjustments - The Board approved the adjustment of the waste incineration slag resource utilization project, terminating the original Jin Tang project and initiating the dissolution and liquidation of the related company [2][3] - A new joint venture will be established between the company's subsidiary and Chengdu Sino-French Ecological Park Investment Development Co., Ltd. to implement the adjusted project, with a registered capital of RMB 95 million, where the subsidiary holds an 80% stake [2][3] Group 2: Project Details - The new project will be located in Longquanyi District, with a processing capacity of 2,050 tons per day, primarily handling slag from the Wanxing Environmental Power Plant [3] - The total investment for the adjusted project is approximately RMB 317 million, which includes land acquisition and construction of facilities, increasing from the previous project that utilized leased land [3] Group 3: Strategic Impact - The new project location is closer to the power plant, significantly reducing transportation costs and enhancing economic benefits while minimizing environmental risks [3] - The implementation of the slag resource utilization project will strengthen the company's solid waste industry chain, improve waste reduction and resource utilization, and enhance market competitiveness and industry influence [3] Group 4: Water Supply Project - The Board also approved the establishment of a project company by Chengdu Water Co., Ltd. and Chengdu Xinjin Minjiang Ecological Environment Industry Development Group to expand the capacity of the Xinjin Huayuan Water Plant, with an estimated total investment of approximately RMB 1.003 billion [5] - The project aims to create a dual water source system for Chengdu, enhancing water supply security and increasing the company's market share and operational performance [5]