MingXin Xuteng: the annual production of 8 million square meters of ultrafine fiber project has been postponed to December 2026.

Mingxin Xuteng announced that the company will hold a meeting on December 22, 2025 to discuss and approve the proposed delay in the investment project. The project, "Annual production of 8 million square meters of full-water-based island super-fine fiber new material intelligent manufacturing project", is expected to be ready for use by December 2026 instead of the initially planned date of December 2025. As of September 30, 2025, the company has invested a total of 428.5088 million yuan from the raised funds, with an investment progress of 64.57%. The delay is due to changes in market demand structure, allowing for a strategic assessment period and to avoid the risk of idle capacity. This delay does not affect the project implementation and company operations, and there is no need for shareholder approval or objections from the sponsoring institution.