Dowin Corporation: Its holding subsidiary plans to invest 500 million yuan to build a project with an annual output of 25,000 tons of synthetic rubber.

Dowen Corporation announced that its controlling subsidiary Ningbo Aisi Kai plans to invest 500 million yuan to expand and build a "25,000-ton annual production of EP rubber project". This matter has been approved at the 36th meeting of the fifth board of directors of the company, without the need for shareholder approval, and does not constitute a related party transaction or a major asset restructuring. The project construction period is 2 years, located in Ningbo Petrochemical Economic and Technological Development Zone, and the funds will be self-funded or self-raised. The project still needs approval from relevant departments, and its implementation involves uncertainty.