Del Future: Termination of Investment Intention Agreement

Del announces that the full subsidiary of the company, Delhees Graphene Technology Co., Ltd., has signed an "Investment Intent Agreement" with Del Group Limited, Shi Xudong, and Xu Hongshu. However, due to the large amount of preparation work and long cycle involved in the production work of the mining company, as well as the pre-work of environmental impact assessment, safety assessment, energy assessment, etc., the core production cost and mass production are affected by factors such as production technology, energy consumption, and environmental protection input, resulting in fluctuation and significant uncertainty. Although the mining company's two mining rights have been fully completed, the conditions for industrialization have not yet matured. Therefore, it has been decided to terminate the "Investment Intent Agreement."