Fangda Carbon: Plans to use no more than 2.4 billion yuan of its own funds for securities investment.

Fangda Carbon announced that the company and its subsidiaries plan to use their own funds with a maximum amount not exceeding RMB 2.4 billion for securities investment, including new share placements, subscriptions, stocks, funds, bond investments, etc. The investment period is valid for 12 months from the date of approval by the shareholder meeting, and the funds can be used on a rolling basis. The company stated that this move aims to improve the efficiency of fund utilization and create greater economic benefits.