Securities Code: 300806 Securities Abbreviation: Stick Announcement No.: 2026-046
Jiangsu Stick New Material Technology Co., Ltd. Announcement on the Investment in the Construction of a Project for the Production of 1.2 Billion Square Meters of High-End MLCC Release Film Annually
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or major omissions.
I. Overview of the Current External Investment
(I) Basic Situation of the External Investment
To further implement the future development strategic plan of Jiangsu Stick New Material Technology Co., Ltd. (hereinafter referred to as the "Company"), expand the production capacity of high-end MLCC release film materials, optimize the Company's product structure, and enhance the market share and overall core competitiveness of high-end products, Stick New Material (Jiangsu) Co., Ltd. (hereinafter referred to as "Stick Jiangsu" or "wholly-owned subsidiary"), a wholly-owned subsidiary of the Company, plans to invest its own funds and self-raised funds in the Sihong Economic Development Zone to construct a project for the production of 1.2 billion square meters of high-end MLCC release film annually (hereinafter referred to as the "Project" or "this Project"). The total project investment is expected to be 565.0733 million yuan (the final total project investment shall be subject to the actual investment).
(II) Decision-Making and Approval Procedures for External Investment
The Company held the 18th meeting of the Fifth Board of Directors on June 16, 2026, and reviewed and approved the "Proposal on the Investment in the Construction of a Project for the Production of 1.2 Billion Square Meters of High-End MLCC Release Film Annually." In accordance with the "Shenzhen Stock Exchange GEM Stock Listing Rules" and the "Articles of Association," this investment matter is within the scope of the Board of Directors' approval authority and does not require submission to the Company's shareholders' meeting for review.
(III) Statement on Not Constituting Connected Transactions or Major Asset Reorganization
In accordance with the "Shenzhen Stock Exchange GEM Stock Listing Rules," the "Shenzhen Stock Exchange Listed Companies Self-Regulation Guidelines No. 2 - Standardized Operation of GEM Listed Companies," and the "Articles of Association," this investment does not constitute a connected transaction or a major asset reorganization as defined by the "Measures for the Administration of Major Asset Reorganizations of Listed Companies."
II. Basic Information of the Implementing Entity of the Current External Investment Project