Core Viewpoint - The company has successfully completed the third phase of long-term stable operation testing for its 200,000 tons/year mixed waste plastic resource utilization demonstration project, and it is currently entering an optimization and modification phase expected to last about one month [2]. Group 1: Project Progress - The 200,000 tons/year mixed waste plastic resource utilization demonstration project has met expected operational goals after completing three systematic testing phases [2]. - The project has undergone tests to verify process stability and optimize equipment operating parameters [2]. - The third phase included optimization experiments focusing on key process elements such as raw material adaptability, reaction temperature variations, oil and gas residence time and temperature, and catalyst formulation for product selectivity [2]. Group 2: Future Plans - The project is now entering a shutdown optimization modification phase, which is anticipated to take approximately one month [2]. - This phase aims to lay the groundwork for subsequent device calibration and efficient stable operation [2]. - The project is positioned to provide important demonstration experience for promoting the green and high-quality development of the waste plastic recycling economy [2].

Group 1: Project Progress - The 200,000 tons/year mixed waste plastic resource utilization demonstration project is currently in the preparation stage for commencement, with progress reported as smooth [2][3][7][19]. - The project successfully completed ignition on April 8, 2025, and is now undergoing testing before official production [3][22]. - The project is expected to expand capacity based on strategic development plans and waste plastic recovery conditions after the initial production [5][21]. Group 2: Stakeholder Engagement - The company held a collective performance briefing for listed companies in Qingdao on May 12, 2025, to engage with investors [2]. - Investors are encouraged to check the company's periodic reports for the latest shareholder numbers, which can be confirmed by contacting the securities affairs department [4][8]. Group 3: Financial Matters - The company's current fundraising plan of 850 million yuan is on hold due to the need for energy approval processes, with a resumption of review pending [6][10][12][13]. - The company is closely monitoring stock price trends and emphasizes the importance of rational investor perspectives on market fluctuations [22]. Group 4: Technical and Operational Queries - The company has established a comprehensive technical management system to protect its proprietary technology related to waste plastic cracking [20]. - The expected yield from the mixed waste plastic deep catalytic cracking project is approximately 85%-90%, influenced by the types and compositions of the waste plastic [18].