Kejingyuan: terminate the investment in the construction project of Shenxian Ecological Environmental Protection Industrial Base, with an investment budget of 83.8 million RMB.

Announcement from Kejingyuan: Due to the exacerbation of global economic uncertainty and financial market volatility in the fiscal years 2024 and 2025, and based on the company's market environment analysis and strategic development layout, in order to better integrate the company's existing production capacity resources, optimize production capacity allocation, and reduce investment risks, after a careful evaluation by the company, it is proposed to terminate the investment construction of the Shenzhou Ecological Environmental Protection Industry Base construction project. Through resource integration and supply chain system improvement, the existing production capacity can fully meet the market demand in the northern region. The decision to terminate the investment construction of the Shenzhou Ecological Environmental Protection Industry Base project is a prudent decision made by the company based on changes in the market environment and overall operational optimization. This matter will not have any impact on the normal operation of the company, is in line with the long-term interests of the company and all shareholders, and will not have any adverse effects on the company's financial condition and operating results, and there is no situation that harms the interests of the listed company and shareholders.