Zhongqi New Materials: Intends to terminate some of the proposed investment projects with the remaining funds of 169 million yuan to be returned.

Zhongqi Xincai announced that the company plans to terminate the "Luocheng Silicon Crystal New Materials Research and Development Integrated Project" and use the remaining funds of 169 million yuan to permanently supplement working capital for daily operations and business development. As of March 13, 2026, the project has accumulated an investment of 297 million yuan, and the remaining contract balance and quality guarantee deposit of 91.846 million yuan have not been paid. This matter has been reviewed by the board of directors and still needs to be reviewed by the shareholders' meeting. The sponsoring institution believes that this move will improve the efficiency of fund utilization, not harm the interests of shareholders, and comply with relevant regulations.