Annoki: terminate investment in the construction of a 50,000-ton dye intermediate project.

Announcement: The company held the 23rd meeting of the 6th Board of Directors on December 26, 2025, and approved the proposal to terminate the investment and construction of a 50,000-ton dye intermediate project. The company originally planned to invest in and construct the project through its wholly-owned subsidiary Yantai Annoki Fine Chemical Co., Ltd. The total investment of the project was 421 million yuan, and as of the date of the announcement, the accumulated investment was 43.2619 million yuan. The reason for terminating the investment and construction is the significant changes in the market environment and relevant industry policies, which have led to great uncertainties in the implementation and outlook of the project. The company has decided to terminate the investment and construction of the project in order to optimize resource allocation and properly handle the resources already invested.