Honghe Technology announced that the company held the 20th meeting of the 4th board of directors on August 12, 2026 to review and pass the “Proposal on Returning Land Use Rights and Termination of Foreign Investment”, agreed to cancel the “Investment Agreement for Electronic Grade Glass Fiber Cloth and Glass Fiber Yarn Production Project” and related agreements, return the state-owned land use rights with an area of 32,304 square meters located in the Baili Industrial City Integrated New Area in Cangxi County, and authorized the chairman of the company to handle matters such as returning the land use rights and recovering the sale price of 3.11 million yuan. The plot was originally planned to be used for the construction of a “high-performance electronic grade fiberglass cloth development and production project with an annual output of 72 million meters”, with an investment amount of about RMB 600 million. The company said that after the termination of foreign investment, the recovery of land use rights concessions will increase the company's working capital and is not expected to have a significant adverse impact on the company's financial situation and operating conditions.

Honghe Technology announced that the company held the 20th meeting of the 4th board of directors on August 12, 2026 to review and pass the “Proposal on Returning Land Use Rights and Termination of Foreign Investment”, agreed to cancel the “Investment Agreement for Electronic Grade Glass Fiber Cloth and Glass Fiber Yarn Production Project” and related agreements, return the state-owned land use rights with an area of 32,304 square meters located in the Baili Industrial City Integrated New Area in Cangxi County, and authorized the chairman of the company to handle matters such as returning the land use rights and recovering the sale price of 3.11 million yuan. The plot was originally planned to be used for the construction of a “high-performance electronic grade fiberglass cloth development and production project with an annual output of 72 million meters”, with an investment amount of about RMB 600 million. The company said that after the termination of foreign investment, the recovery of land use rights concessions will increase the company's working capital and is not expected to have a significant adverse impact on the company's financial situation and operating conditions.