The subsidiary of Future Science and Technology Holding Group (002631.SZ) plans to terminate the investment intention agreement.

The Future Science And Technology Holding Group (002631.SZ) announced that its subsidiary, Delhes, had previously planned to invest no more than 280 million yuan in the Zalute Banner Del Graphite Mining Co., Ltd. Since the signing of the "Investment Intention Agreement", the company has been continuously tracking the progress of the mining company's pilot production, equity value assessment, and other related work. As of the date of this announcement, the parties have not signed a formal investment agreement. Due to the large preparatory work and long cycle of the mining company's production, as well as the pre-work of environmental impact assessment, safety assessment, energy assessment, and other factors such as production process, energy consumption, and environmental protection input affecting core production costs and mass production, there is fluctuation and great uncertainty. Although the two mining rights under the mining company are already complete, the conditions for industrialization have not yet matured. Taking into account the actual situation above, in order to optimize the company's resource allocation, reduce investment risks, and improve the efficiency of fund use, and based on mutual understanding among the parties, and through friendly negotiations, it is unanimously agreed to terminate the "Investment Intention Agreement."