Honghe Technology: Returned the land use rights of 32,304 square meters and terminated a 600 million yuan investment project.

Honghe Technology announced that on August 12, 2026, the company held the 20th meeting of the fourth board of directors, during which it reviewed and approved the proposal regarding the return of land use rights and the termination of external investments. The board agreed to terminate the "Investment Agreement for the Development and Production Project of Electronic Grade Glass Fiber Cloth and Glass Fiber Yarn" and related agreements, return the state-owned land use rights for an area of 32,304 square meters located in the Baile Integrated New District of Cangxi County, and authorize the company's chairman to handle the return of land use rights and the recovery of the transfer price of 3.11 million yuan. The land was originally planned for the construction of the "Annual Production Project of 72 Million Meters of High-Performance Electronic Grade Glass Fiber Cloth," with an estimated investment amount of approximately 600 million yuan. The company stated that after terminating the external investment, the recovery of the land use transfer price will increase the company's working capital and is not expected to have a significant adverse impact on the company's financial and operational conditions.