Announcement on the Qingdao Zhizhi Research Institute Project Investment by Zhizhi Huaqing, a Subsidiary
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
I. Overview of External Investment
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Basic Situation of External Investment Zhizhi Co., Ltd. (hereinafter referred to as the "Company") plans to invest in the construction of the Qingdao Zhizhi Research Institute project in the West Coast New Area of Qingdao through its wholly-owned subsidiary, Qingdao Zhizhi Huaqing Chemical New Materials Co., Ltd. (hereinafter referred to as "Zhizhi Huaqing"). The total investment in the project is approximately RMB 690 million.
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On April 13, 2026, the Company held the 16th meeting of the 8th Board of Directors, which, with 6 votes in favor, 1 vote against, and 1 abstention, approved the "Proposal on the Investment in the Qingdao Zhizhi Research Institute Project by Subsidiary Zhizhi Huaqing."
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In accordance with the "Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange" and the "Articles of Association" of the Company, this external investment matter does not require submission to the shareholders' meeting for deliberation.
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This transaction does not constitute a related-party transaction and does not fall under the definition of a major asset restructuring as stipulated in the "Measures for the Administration of Major Asset Restructuring of Listed Companies."
II. Introduction to the External Investment Entity
Zhizhi Huaqing will serve as the investment entity for the construction of the Qingdao Zhizhi Research Institute project.