Kaisheng New Materials announced that the company held the fourth meeting of the fourth board of directors on December 10, 2025 to review and pass the “Proposal on Re-Verification and Suspension of Implementation of Convertible Corporate Bond Raising Projects”. It was agreed that the company would re-validate and suspend implementation of the public offering of convertible corporate bonds “10,000 tons/year new lithium salt project for lithium batteries” on the premise that there are no changes in the implementing entity, implementation method, use of capital raised, and scale of investment of the fund-raising project.

Kaisheng New Materials announced that the company held the fourth meeting of the fourth board of directors on December 10, 2025 to review and pass the “Proposal on Re-Verification and Suspension of Implementation of Convertible Corporate Bond Raising Projects”. It was agreed that the company would re-validate and suspend implementation of the public offering of convertible corporate bonds “10,000 tons/year new lithium salt project for lithium batteries” on the premise that there are no changes in the implementing entity, implementation method, use of capital raised, and scale of investment of the fund-raising project.