Zhongwei New Materials Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, complete, and free from false records, misleading statements, or significant omissions.
To implement the guiding principles proposed by the Central Political Bureau meeting to "activate the capital market and boost investor confidence," as well as the State Council meeting's emphasis on "significantly enhancing the quality and investment value of listed companies through more effective measures," the Company has developed the "Quality Return Dual Improvement" action plan. The specific content of the "Quality Return Dual Improvement" action plan can be found in the announcement disclosed by the Company on February 6, 2024, on the Giant Tide Information Network (www.cninfo.com.cn).
The progress of the Company's implementation of the "Quality Return Dual Improvement" action plan is announced as follows:
1. Deepening Global Layout and Enhancing Industrial Ecology
In 2025, facing the dual situation of the booming new energy industry and deep industry adjustments with intensified market competition, the Company actively promotes a comprehensive strategic upgrade and continues to build an integrated industrial ecological layout. Based on the resource endowments of different global regions, the Company precisely advances resource layout, securing over 600 million wet tons of laterite nickel ore resources in Indonesia, forming approximately 200,000 tons of nickel ore smelting capacity. At the industry cycle bottom, the Company acquired two lithium salt lake mines in Argentina at low cost, controlling over 10 million tons of lithium carbonate resources, thereby locking in low-cost lithium resources for future development. In Guizhou, the Company has established 200,000 tons of iron phosphate and 50,000 tons of lithium iron phosphate capacity, and is accelerating the construction of the Kaiyang New Field phosphate mine with approximately 98.44 million tons of self-owned resources, focusing on mineral integration and enhancing resource self-sufficiency. On this basis, the Company further improves the full industrial chain ecology of "raw mineral resources - raw mineral smelting - raw material refining - new energy material manufacturing - terminal recycling," creating a global product supply and service system, integrating global factors to serve global customers, and continuously enhancing its global market influence.