Woer Nuclear Materials ( 002130.SZ ): The subsidiary plans to adjust external investment construction projects

Gelonghui, March 31丨Wol Nuclear Material (002130.SZ) announced that, at the 32nd meeting of the 7th session of its board of directors held on September 22, 2025, the company examined and approved the proposal on “external investment and project construction by a controlling subsidiary of the company and signing of the ”. The company agreed that its controlling subsidiary, Shanghai Kote, would invest no more than RMB 100,000 million in the Jiangsu Wujiang Economic and Technological Development Zone to invest in and build the Kote (Suzhou) New Materials Project. On the same day, Shanghai Kote signed the with the Management Committee of the Wujiang Economic and Technological Development Zone. Since the signing of the aforementioned , the subsidiary Shanghai Kote and the cooperation party have been actively promoting various preliminary works. However, during the implementation of the project, the investment cooperation conditions involved in the original agreement have objectively changed. The two parties were unable to reach a consensus on the original cooperation concept, and therefore, objectively, there is a situation in which the original agreement cannot be continued to be performed. In order to safeguard the overall interests of the subsidiary and rationally allocate resources, after careful research and comprehensive consideration of various factors, and based on friendly consultation and full communication with the Management Committee of the Wujiang Economic and Technological Development Zone, both parties signed the . Both parties no longer need to perform the relevant obligations under the original , and this does not constitute a breach of contract.

In view of the actual business development needs of Shanghai Kote, after the termination of the aforementioned project, the subsidiary plans to coordinate resources to invest in a newly established production base project in the Dushan Port Economic Development Zone, Zhejiang Province. Shanghai Kote intends to invest in the construction of the new production base project in the Dushan Port Economic Development Zone, Zhejiang Province, including the planning and construction of R&D laboratories, production facilities, office premises, and other supporting facilities, mainly for the research, production, and sales of products such as new energy protection products, electronic components, refractory special materials, and aerogel products. It is planned to use no more than RMB 120,000 million for this project investment and construction, and the total investment amount includes, but is not limited to, land purchase, factory construction, and the purchase of production equipment. The project will be carried out in two phases: Phase I covers an approximately 108.5-mu parcel of land, with a total investment of RMB 1 billion, including approximately RMB 700 million in fixed-asset investment; Phase II reserves 52 mu of land, with a total investment of RMB 200 million, including approximately RMB 100 million in fixed-asset investment.

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