Group 1 - The company held its 11th temporary meeting of the 8th Board of Directors on January 9, 2026, via communication methods, with all 8 directors present [2][5] - The board approved the termination of two fundraising projects and the reallocation of 686.2542 million yuan to a new project and to supplement working capital [3] - The company plans to invest 299.0809 million yuan in a new project for producing 3,000 tons of high-performance neodymium iron boron and 250 million yuan to supplement working capital [3] Group 2 - The company expects to engage in daily related transactions amounting to 1.1471 billion yuan in 2026, adhering to fair and market-based principles [8][27] - The board approved the proposal for daily related transactions, with certain directors abstaining from voting due to conflicts of interest [10][11] Group 3 - The board approved the nomination of Yu Jin as a non-independent director candidate, pending shareholder approval [13][68] - The board also approved an organizational structure adjustment to enhance management efficiency and control [18][60] Group 4 - The company plans to purchase liability insurance for directors and senior management to optimize risk management and protect shareholder interests, with a coverage limit of up to 50 million yuan [20][61][65] - The board scheduled the first temporary shareholders' meeting for 2026 on January 26, 2026, combining on-site and online voting [22][73]

Core Viewpoint - The company has decided to terminate two previously planned projects and redirect the raised funds to new initiatives to enhance capital efficiency [1] Group 1: Project Changes - The company will terminate the "Annual Production of 15,000 Tons of High-Performance Soft Magnetic Ferrite Materials and Devices Construction Project" and the "High-Performance Permanent Magnetic Ferrite Green Manufacturing Project" [1] - The total amount of unutilized raised funds to be redirected is 68,625.42 million yuan [1] Group 2: New Investments - The company plans to invest 29,908.09 million yuan into the new project "Annual Production of 3,000 Tons of High-Performance Neodymium Iron Boron" [1] - An additional 25,000.00 million yuan will be allocated to supplement the company's working capital [1] Group 3: Fund Management - The remaining raised funds and the interest income generated will continue to be stored in the original raised funds account, with no specific direction for these funds yet [1]

Core Viewpoint - The company has decided to postpone the re-evaluation and implementation of certain fundraising investment projects due to macroeconomic fluctuations and changes in market conditions, aiming for a more thorough analysis before proceeding [1][3][4]. Fundraising Basic Information - The company was approved by the China Securities Regulatory Commission to issue up to 170,900,000 shares, raising a total of 110 million yuan [1][2]. - The funds are stored in a dedicated account, with a regulatory agreement in place with the sponsoring institution and the commercial bank [1]. Fundraising Investment Projects and Usage - As of June 30, 2025, the company has invested 92,925.42 million yuan in projects, including: - Annual production of 15,000 tons of high-performance soft magnetic ferrite materials and devices - High-performance permanent magnet ferrite green manufacturing project - Supplementing the company's working capital [2]. Reasons for Postponement and Future Plans - The board and management have conducted extensive research on industry conditions and have decided that a more comprehensive re-evaluation is necessary, leading to the postponement of the projects [3]. - The company expects to complete the re-evaluation of the fundraising investment projects by the end of 2025 [3]. Impact of Postponement on the Company - The decision to postpone the re-evaluation and implementation of fundraising investment projects is based on careful consideration of the macroeconomic environment and industry trends, and it will not significantly impact the company's current operations [4]. - In the long term, this postponement is expected to optimize resource allocation and enhance shareholder value [4]. Review Procedures and Opinions - The board and supervisory committee have both approved the postponement, confirming that it aligns with regulatory requirements and does not harm shareholder interests [4][5]. - The sponsoring institution has also expressed no objections to the decision, affirming that the necessary decision-making procedures were followed [5].