According to the Polyfluoride announcement, the company raised a net capital of 1,988 billion yuan by issuing shares to specific targets in 2023, mainly to invest in key materials projects with an annual output of 100,000 tons of lithium-ion battery electrolyte and supplementary working capital. Based on the need for business development and optimized production capacity layout, the company added an implementation site for the “Key Materials Project with an Annual Output of 100,000 Tons of Lithium Ion Battery Electrolyte” on the premise that the total investment amount, implementing entity, and construction content of the fund-raising project remain the same. The matter has been reviewed and approved by the board of directors of the company. There is no need to submit it to the shareholders' meeting for consideration, it does not involve a change in the investment direction of capital raised, and there are no circumstances that harm shareholders' interests.

According to the Polyfluoride announcement, the company raised a net capital of 1,988 billion yuan by issuing shares to specific targets in 2023, mainly to invest in key materials projects with an annual output of 100,000 tons of lithium-ion battery electrolyte and supplementary working capital. Based on the need for business development and optimized production capacity layout, the company added an implementation site for the “Key Materials Project with an Annual Output of 100,000 Tons of Lithium Ion Battery Electrolyte” on the premise that the total investment amount, implementing entity, and construction content of the fund-raising project remain the same. The matter has been reviewed and approved by the board of directors of the company. There is no need to submit it to the shareholders' meeting for consideration, it does not involve a change in the investment direction of capital raised, and there are no circumstances that harm shareholders' interests.