Hongda Corporation: the colored metallic materials subsidiary in Shehong plans to invest in the electrolytic zinc smelting system equipment update project with a total investment of about 2.28 billion yuan.

Hongda Corporation Announcement: The Company's Shifang Nonferrous Metals Branch plans to invest in the project of updating the electrolytic zinc smelting system equipment, with a total investment of approximately 228 million yuan. The main contents of the project include the renovation of the smelting system and the electric zinc system, supporting low-voltage power distribution system, safety facilities, and environmental upgrades. The project is expected to start in March 2026 and be completed by the end of May 2026. This investment has been approved by the company's board of directors and still needs to be submitted for shareholder approval. The project's funds will come from the company's self-raised funds and will not have a significant adverse impact on the company's current financial and operating conditions.