KeJingYuan: Terminate the investment in the Shenzhou Ecological and Environmental Protection Industry Base Construction Project (Phase II), with an investment budget of RMB 83.38 million.

Kejingyuan Announcement: Due to the intensification of global economic uncertainty in 2024 and 2025, as well as multiple factors such as volatility in financial markets, and based on the company’s assessment of the market environment and its strategic development plans, in order to better integrate the company’s existing production capacity resources, optimize capacity allocation, and reduce the company’s investment risk, after careful evaluation by the company, it is proposed to terminate the investment and construction of the Shenzhou Ecological Environmental Protection Industrial Base Construction Project (Phase II). By consolidating resources and improving the supply-chain system, the company’s existing production capacity can sufficiently meet market demand in the northern region. This termination of the investment and construction of the Shenzhou Ecological Environmental Protection Industrial Base Construction Project (Phase II) is a prudent decision made by the company in light of changes in the market environment and based on overall operational optimization. This matter will not affect the company’s normal business operations, is consistent with the long-term interests of the company and all shareholders, and will not have any adverse impact on the company’s financial position or operating results. There is no situation that would harm the interests of the listed company or its shareholders.