Core Viewpoint - The company has approved two significant investment projects aimed at expanding its operations in the chemical industry, with a total estimated investment of 900 million RMB [3][12][20]. Group 1: Meeting Details - The second meeting of the fifth board of directors was held on July 18, 2025, via telecommunication, with all seven directors present [2]. - The meeting was convened in accordance with the relevant regulations of the Company Law and the company's articles of association [2]. Group 2: Investment Projects Overview - The company plans to invest in two projects: a biomass (rice husk) silica comprehensive utilization project with an annual production capacity of 100,000 tons (initial phase of 50,000 tons) and a松厚剂 project with an annual production capacity of 30,200 tons [3][12]. - The total estimated investment for both projects is 900 million RMB, with 700 million RMB allocated for the biomass silica project and 200 million RMB for the松厚剂 project [3][8][9]. Group 3: Funding and Implementation - The funding for these projects will come from the company's own funds or other self-raised funds [9][12]. - A wholly-owned subsidiary will be established in the local area to operate these projects [3][12]. Group 4: Project Impact - The investment is expected to leverage the resources and industrial support of the economic development zone, enhancing the company's operational capabilities and market competitiveness [20].

Meeting and Attendance - The fifth board meeting of Quicheng Silicon Chemical Co., Ltd. was held on July 17, with all seven directors present, and the meeting complied with relevant regulations [1]. Investment Proposal - The board approved an investment proposal for two projects: a biomass (rice husk) silica comprehensive utilization project with an annual production capacity of 100,000 tons (initial phase 50,000 tons) and a松厚剂 project with an annual production capacity of 30,200 tons [1]. - The total estimated investment for these projects is 900 million RMB, with 700 million RMB allocated for the biomass silica project and 200 million RMB for the松厚剂 project [1]. - Funding will be sourced from the company's own funds or other self-raised funds, and a wholly-owned subsidiary will be established for operations [1]. Voting Results - The investment proposal received unanimous approval with 7 votes in favor, 0 against, and 0 abstentions [2].

Core Viewpoint - The company plans to invest in two major projects: a biomass (rice husk) silica comprehensive utilization project with an annual production capacity of 100,000 tons (initial phase of 50,000 tons) and a松厚剂 project with an annual production capacity of 30,200 tons, with a total estimated investment of 900 million RMB [1][3]. Investment Overview - The total investment for the projects is estimated at 900 million RMB, with 700 million RMB allocated for the biomass silica project and 200 million RMB for the松厚剂 project. Funding will come from self-owned funds or other self-raised funds [1][3][4]. - The company will establish a wholly-owned subsidiary in the Jiangsu Binhai Economic Development Zone to operate these projects [3]. Project Details - The biomass silica project will focus on the research, production, and sales of biomass (rice husk) silica, with a construction period of 24 months [4]. - The松厚剂 project will also involve research, production, and sales, with a similar funding structure [4]. Impact on the Company - The investment projects are expected to leverage the resources and industrial support of the industrial park, enhance the company's operational capabilities, expand its business segments, and promote sustainable high-quality development [4]. Risk Analysis - The company acknowledges various risks associated with the projects, including approval risks related to safety and environmental regulations, funding risks due to the large investment and long payment periods, implementation risks from potential changes in national policies, market risks from competition and pricing, and environmental risks from stricter future regulations [2][5].

Core Viewpoint - The company, Quancheng Co., plans to invest a total of 900 million yuan in two projects aimed at expanding its business segments and enhancing market competitiveness [1] Investment Projects - The first project is a "biomass (rice husk) silica comprehensive utilization project" with an annual production capacity of 100,000 tons (initial phase of 50,000 tons), which is expected to require an investment of 700 million yuan [1] - The second project is a "softener project" with an annual production capacity of 30,200 tons, anticipated to require an investment of 200 million yuan [1] Funding Sources - The funding for these projects will come from the company's own funds or other self-raised funds [1]