Zhejiang Hailiang Co., Ltd. (hereinafter referred to as "Hailiang") and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Gansu Hailiang New Energy Materials Co., Ltd. (hereinafter referred to as "Gansu Hailiang"), a controlling subsidiary of Hailiang, intends to invest in the construction of a copper foil production line project with an annual output of 67,500 tons in Zhuji City, Zhejiang Province. This investment project will be implemented by establishing a wholly-owned subsidiary, Zhejiang Hailiang New Energy Materials Co., Ltd. (provisional name, subject to approval by the industrial and commercial administration department), and will be constructed in three phases. Upon full production, it will achieve an electrolytic copper foil production capacity of approximately 67,500 tons per year. The total investment for the project is estimated at 5.05 billion RMB, with fixed asset investment expected to be 3.85 billion RMB. This investment project does not constitute a related party transaction and does not fall under the major asset reorganization circumstances as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies."
According to the "Shenzhen Stock Exchange Stock Listing Rules" and the "Articles of Association of Zhejiang Hailiang Co., Ltd." and other relevant regulations, this investment project still needs to be submitted for review by the company's shareholders' meeting and requires approval and filing procedures from relevant government departments.