Group 1 - The company will hold its fifth extraordinary general meeting of shareholders on December 26, 2025, at 14:00 in Beijing [1][4] - Voting will be conducted through a combination of on-site and online methods, with specific time slots for online voting [2][3] - The meeting will review proposals that have been approved by the board of directors, including changes to fundraising investment projects [6][25] Group 2 - The company plans to terminate the construction of a 20,000 tons/year PVDF project and redirect the unused fundraising of 1.22955 billion yuan to four new projects related to fluorine chemicals [21][29] - The new projects include a 26,000 tons/year high-performance organic fluorine materials project, a 4,000 tons/year high-end fluorine fine chemicals project, a new energy materials industrialization project, and an environmentally friendly fluorine materials project, with a total investment of approximately 3.34676 billion yuan [29][30] - The company anticipates that the new projects will generate revenue and profits, with the high-performance organic fluorine materials project expected to be operational by March 2025 [30][53] Group 3 - The company has approved the internal transfer of 75% equity of a subsidiary to streamline management and improve efficiency [23][24] - The company will utilize the Shanghai Stock Exchange's network voting system for shareholder participation, ensuring that small investors are informed and can vote [9][10] - The company emphasizes compliance with legal and regulatory requirements in organizing the shareholder meeting [15][16]

Group 1 - The company has decided to terminate the implementation of the new 20,000 tons/year PVDF project and redirect the unused raised funds of 1,229.55 million yuan for new projects [1] - The new projects involve four core fluorochemical construction projects in collaboration with Sinochem Blue Sky Group, with a total investment amount of 3,346.76 million yuan [1] - The new projects include a 26,000 tons/year high-performance organic fluorine materials project, a 4,000 tons/year high-end fluorine fine chemicals project, a new energy materials industrialization project, and an environmentally friendly fluorine materials construction project [1]

Core Viewpoint - The company has decided to redirect approximately 1.23 billion yuan of previously planned fundraising for a PVDF project to other high-performance fluorine material projects due to market conditions and project uncertainties [1] Group 1: Project Changes - The original plan was to use 1.23 billion yuan to establish a 20,000 tons/year PVDF project in Weinan, Shaanxi, expected to be operational by July 2026 [1] - Due to a prolonged downturn in the PVDF market, rapid technological changes, and slower-than-expected project progress, the construction of the PVDF project faces significant uncertainty, with only 0.04% of the investment utilized [1] - The company plans to reallocate 1.2295502 billion yuan of unused funds to several new projects, including a 26,000 tons/year high-performance organic fluorine materials project, a 4,000 tons/year high-end fluorine fine chemicals project, a new energy materials industrialization project, and an environmentally friendly fluorine materials project [1] Group 2: New Project Details - The total investment for the new projects is approximately 3.3467621 billion yuan, with locations in Zigong, Sichuan; Shaoxing, Zhejiang; and Jingzhou, Hubei [1] - The new projects are expected to be completed by December 2028 at the latest [1] - The adjustments have been approved by the company's board and strategic committee, pending shareholder meeting approval, with no objections from the independent financial advisor, CITIC Securities [1] Group 3: Strategic Implications - The reallocation of funds is aimed at optimizing resource allocation, promoting product structure upgrades, and enhancing the company's core competitiveness in the high-end fluorine materials sector [1] - The changes are expected to have a positive impact on the company's long-term development [1]

Core Viewpoint - The company has decided to terminate the implementation of the new 20,000 tons/year PVDF project and redirect the unused fundraising of 1.23 billion yuan towards four core fluorochemical construction projects in collaboration with Sinochem Lantian Group [1] Group 1: Project Changes - The new projects include a 26,000 tons/year high-performance organic fluorine materials project, a 4,000 tons/year high-end fluorine fine chemicals project, a new energy materials industrialization project, and an environmentally friendly fluorine materials construction project, with a total investment of 3.347 billion yuan [1] - The 26,000 tons/year high-performance organic fluorine materials project is expected to complete construction and commence production by March 2025 [1] - The 4,000 tons/year high-end fluorine fine chemicals project is anticipated to be completed and reach the intended usable state by November 2026 [1] - The new energy materials industrialization project and the environmentally friendly fluorine materials construction project are projected to be completed and reach the intended usable state by December 2028 [1]