Stock Code: 002408 Bond Code: 128128 Stock Abbreviation: Qixiang Tengda Bond Abbreviation: Qixiang Zhuan 2 Announcement No.: 2026-016
Zibo Qixiang Tengda Chemical Co., Ltd. Announcement on the Progress of the "Quality and Return Improvement" Action Plan
The Company and all members of its Board of Directors guarantee the content of this information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Zibo Qixiang Tengda Chemical Co., Ltd. (hereinafter referred to as the "Company"), in active implementation of the "invigorate the capital market and boost investor confidence" proposed by the Political Bureau of the CPC Central Committee and the "vigorously enhance the quality and investment value of listed companies, and adopt more forceful and effective measures to stabilize the market and confidence" proposed by the State Council's executive meeting, has formulated the "Quality and Return Improvement" action plan in conjunction with its own development strategy, operating conditions, and financial situation. For details, please refer to the "Announcement on the 'Quality and Return Improvement' Action Plan" disclosed by the Company on April 10, 2025 (Announcement No.: 2025-010). The progress of the action plan is hereby reported as follows:
I. Focus on Core Business and Strategic Advancement
The foundation of the C3 and C4 industrial chains has been continuously consolidated, with steady progress in optimizing existing projects. On one hand, the Company continues to deepen its focus on the C3 and C4 industrial chains. Through refined operations and technological optimization, it ensures the stable and efficient operation of its main production units, further consolidating its leading market position in key products such as methyl ethyl ketone and maleic anhydride. Simultaneously, it continuously optimizes the process and technical indicators of the C3 industrial chain, enhancing conversion rates and energy efficiency, accelerating the transformation and expansion towards high-end fine chemicals and new materials, and fully strengthening its comprehensive advantages across the entire industrial chain. On the other hand, the Company fully taps into the potential of its production facilities, leveraging its existing product portfolio to expand downstream applications with high added value. Projects such as the successful commissioning of anhydrous tert-butanol and etherification/de-etherification dual-route modifications have achieved mass production and delivery, precisely meeting the customized demands of high-end downstream customers.
II. Innovation-Driven and Technological Transformation