Securities Code: 002102 Securities Abbreviation: Nengte Technology Announcement No.: 2026-031 Hubei Nengte Technology Co., Ltd. Announcement on the Investment and Construction of a 20,000 Ton/Year Green Recycled Polyester Project by Wholly-Owned Subsidiary Nengte Company The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and that there are no false records, misleading statements, or major omissions.
I. Investment Overview
Hubei Nengte Technology Co., Ltd. (hereinafter referred to as the "Company") held the 37th meeting of the Seventh Board of Directors on April 27, 2026, and approved the "Proposal on the Investment and Construction of a 20,000 Ton/Year Green Recycled Polyester Project by Wholly-Owned Subsidiary Nengte Company." It was agreed that the Company's wholly-owned subsidiary, Nengte Technology Co., Ltd. (hereinafter referred to as "Nengte Company"), will use its own funds of RMB 100 million (currency as stated below) to invest in the construction of a 20,000 ton/year green recycled polyester project (hereinafter referred to as the "Project").
This investment does not constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies," nor does it involve related party transactions.
In accordance with the "Listing Rules of the Shenzhen Stock Exchange," "Articles of Association," and other relevant regulations, this investment matter falls within the scope of approval authority of the Company's Board of Directors and does not require submission to the Company's general meeting of shareholders for deliberation.