Changhong Polymer: Termination of external investment to establish a joint venture company

Changhong Polymer announced that the company will hold the 20th meeting of the third board of directors on August 27, 2025, to review and approve the proposal to terminate the investment in establishing a joint venture. The company originally planned to jointly invest RMB 500 million with Panjin Shengteng Industrial Development Co., Ltd. to establish a joint venture, holding 45% and 55% of the shares respectively. However, due to the continuous decline in prices along the photovoltaic industry chain and the highly uncertain future profit margins, both parties have decided to terminate this investment plan. This termination of external investment will not have a significant impact on the company's production, operation, and financial status