Morning Light Bios:Some of the raised funds projects have been delayed.
Morning Light Bio announce that the 17th meeting of the Fifth Board of Directors and the 16th meeting of the Fifth Board of Supervisors approved the "Proposal on the Extension of Some Fundraising Investment Projects", agreeing to extend the expected completion time of the "Natural Plant Comprehensive Extraction Integration Project", the "Nutritional Medicinal Comprehensive Extraction Project", and the "Zambia Land Development and Supporting Facilities Construction Project". The new estimated completion times are June 30, 2027, April 30, 2027, and December 31, 2026, respectively. The extension is due to factors such as changes in the global economic environment, slow market development, and continuous optimization of production processes. The company will strictly comply with relevant regulations, make science-based decisions, strengthen supervision, and ensure the legal and effective use of raised funds. This extension will not have a significant adverse impact on the company's normal operations.
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