I. Overview of External Investment
Shanghai Feikai Materials Technology Co., Ltd. (hereinafter referred to as "the Company") held the 30th meeting of the 5th Board of Directors on March 12, 2026, where it approved the proposal on external investment and the signing of a project investment agreement. The Company agreed to use self-raised funds to purchase approximately 300 acres of chemical land in Anhui Dongzhi Economic Development Zone to invest in the construction of the Feikai Materials (Chizhou) production base project (the project name is subject to the final project filing results). This investment project plans to build multiple production lines suitable for various organic synthetic materials and corresponding public engineering facilities. The project is planned to be implemented in two phases, with each phase expected to take two years; the total investment amount is approximately 1 billion RMB, of which about 800 million RMB is for fixed asset investment. For specific details, please refer to the announcement disclosed by the Company on March 12, 2026, on the Giant Tide Information Network (Announcement No.: 2026-017).
II. Progress of the Agreement
As of the date of this announcement, the Company has completed the final signing process of the "Investment Agreement" with the Anhui Dongzhi Economic Development Zone Management Committee regarding the above investment matters and has recently obtained the complete text of the agreement. The main contents of the agreement are as follows:
(1) Parties to the Agreement
Party A: Anhui Dongzhi Economic Development Zone Management Committee
Party B: Shanghai Feikai Materials Technology Co., Ltd.
(2) Cooperation Content
The Company and all members of the Board guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
- Project construction investment content: Party B plans to build multiple production lines suitable for various organic synthetic materials within Party A's Anhui Dongzhi Economic Development Zone, along with corresponding public engineering facilities. The project is planned to be implemented in two phases, with each phase expected to take two years; the total investment amount is approximately 1 billion RMB, of which about 800 million RMB is for fixed asset investment.
- Project construction land: The project construction land is located within the Anhui Dongzhi Economic Development Zone, covering an area of approximately 300 acres, with the specific geographical location proposed to be: south of Xiangyu Avenue and west of Xinfuxiang (the land range and exact figures will be confirmed by Party A issuing a land boundary notice to Party B).
- Project implementation entity: To ensure the smooth implementation and efficient operation of the project, Party B will establish a wholly-owned subsidiary (hereinafter referred to as "Project Company") registered in the locality as the specific entity for project investment, construction, and management.