Double Elephant Corporation: Wholly-owned subsidiary plans to invest 2.5 billion yuan to build a special materials project with an annual production capacity of 350,000 tons.

Shuangxiang Corporation announced that its wholly-owned subsidiary, Chongqing Shuangxiang Optical Materials Co., Ltd., intends to sign the "Investment Agreement for 350,000 Tons Special Materials Project" with the Chongqing Changshou Economic and Technological Development Zone Management Committee. The total planned investment for the project is approximately 2.5 billion yuan, and the construction content includes an annual output of 40,000 tons of special rubber, 200,000 tons of MBS, 20,000 tons of TAC-grade PMMA, and supporting facilities. The project is expected to start construction in June 2026, with a construction period of 15 months. This project has a high degree of synergy with the company's existing PMMA industry chain, which is beneficial for creating a diversified matrix of high-performance material products. This investment does not constitute a major asset restructuring or related party transaction. The proposal has been approved at the second meeting of the Eighth Board of Directors of the company and still needs to be submitted to the shareholders' meeting for approval.