Anning shares: The 60,000-ton energy-grade titanium material project has been delayed until 2026.

Anning Co., Ltd. announced that the company held a board meeting and agreed to postpone the "annual production of 60,000 tons of energy-grade titanium material full industrial chain project." Under the condition that the implementation subject remains unchanged, the scheduled availability time will be extended from 2025 to 2026. The total investment for this project is 7.2 billion yuan, with a planned investment of 1.704 billion yuan from fundraising. As of November 30, 2025, a total of 895 million yuan has been used from the fundraising, with the remaining 795 million yuan unused. The postponement is due to adjustments in some design plans and equipment selection, as well as the long supply cycle for customized equipment, and will not have a substantial adverse impact on the project implementation and company operations.