Core Viewpoint - Xiamen Tungsten Co., Ltd. has approved changes to its fundraising projects, reallocating remaining funds to new initiatives [1] Group 1: Company Decisions - The company held its 24th meeting of the 10th Board of Directors on February 10, 2026, where the proposal to change certain fundraising projects was unanimously approved with 9 votes in favor [1] - The original fundraising project for the "100 billion meters of tungsten wire production line for photovoltaic use" will undergo changes in investment amount, implementation locations, and construction period [1] Group 2: Fund Allocation - The remaining raised funds amounting to 58 million yuan will be redirected to new projects, including the "hard surface material expansion project," "CNC blade substrate expansion project," and "metal cutting solution engineering center project" [1]

Core Viewpoint - The company, Zhangyuan Tungsten, is adjusting the prices of its hard-facing materials due to a significant increase in tungsten raw material costs, which has led to a substantial rise in production costs [1] Group 1 - The price adjustment for hard-facing materials will take effect from May 20, 2025 [1] - All products will be executed at the new prices starting from the adjustment date [1]