Xinxiang Chemical Fiber: Planned Change of Repurchased Shares Usage, Investing 1.2 Billion for Expanding Production of Spandex.

Xinxiang Chemical Fiber announced that the 25th meeting of the 11th Board of Directors of the company will be held on December 22, 2025. The meeting will review multiple proposals, including changing the purpose of the repurchase of 43.43 million shares to cancellation and reduction of registered capital; due to share cancellation and changes in business scope, it is proposed to revise the company's articles of association; it is proposed to invest 1.22 billion yuan in the implementation of the first phase of the annual production of 100,000 tons of functional spandex fiber project, with an expected annual increase in sales revenue of 1.15 billion yuan and sales profit of 100 million yuan. It is estimated that the total amount of daily related party transactions in 2026 will be 537 million yuan; it is expected to pay a guarantee fee not exceeding 10 million yuan to the controlling shareholder. The meeting also decided to hold the first extraordinary general meeting of shareholders on January 15, 2026, and some proposals need to be submitted to the shareholder meeting for review.