Mingxin Xuteng announced that due to limited production conditions due to changes in the external business environment, the production line of the company's holding subsidiary Liaoning Fuxin New Materials Co., Ltd. was suspended, and production is not expected to resume in the short term. Fuxin, Liaoning, is mainly engaged in leather production and processing. The sewage generated during the production process is pre-treated in the factory area and then discharged into the park's sewage treatment plant for centralized treatment. Recently, the park's sewage treatment plant requested negotiations to adjust the emission limits of Fuxin in Liaoning due to the limitations of its actual treatment capacity. Since June 27, 2026, the park's sewage treatment plant has further increased the emission index requirements. This indicator far exceeds the capacity limit of the existing sewage treatment system in Fuxin, Liaoning. Liaoning Fuxin continues to communicate, negotiate, and consult with local authorities, park management committees and other parties to resolve this matter as soon as possible. No agreement has yet been reached on the latest emission limits. Affected by this external objective factor, the Fuxin production facility in Liaoning was forced to suspend operation, and normal business order was temporarily interrupted. After careful evaluation, the company confirmed that it did not have the conditions to resume production in the short term, and finally decided to stop production on July 27, 2026.

Mingxin Xuteng announced that due to limited production conditions due to changes in the external business environment, the production line of the company's holding subsidiary Liaoning Fuxin New Materials Co., Ltd. was suspended, and production is not expected to resume in the short term. Fuxin, Liaoning, is mainly engaged in leather production and processing. The sewage generated during the production process is pre-treated in the factory area and then discharged into the park's sewage treatment plant for centralized treatment. Recently, the park's sewage treatment plant requested negotiations to adjust the emission limits of Fuxin in Liaoning due to the limitations of its actual treatment capacity. Since June 27, 2026, the park's sewage treatment plant has further increased the emission index requirements. This indicator far exceeds the capacity limit of the existing sewage treatment system in Fuxin, Liaoning. Liaoning Fuxin continues to communicate, negotiate, and consult with local authorities, park management committees and other parties to resolve this matter as soon as possible. No agreement has been reached on the latest emission limits. Affected by this external objective factor, the Fuxin production facility in Liaoning was forced to suspend operation, and normal business order was temporarily interrupted. After careful evaluation, the company confirmed that it did not have the conditions to resume production in the short term, and finally decided to stop production on July 27, 2026.