Wankai New Materials: Intends to invest 1.122 billion yuan to build a public cogeneration project.

Wankai New Materials announced that on November 10, 2025, the company held the 26th meeting of the second session of the Board of Directors to review and approve the proposal to invest in the construction of a public heat and power cogeneration project. It was agreed to invest in the project in Jianshan New Area, Haining, through a wholly-owned subsidiary, with a total planned investment of 1.122 billion yuan and a construction period of 2 years. Once the project is completed, it is expected to generate 44.25 million kWh of electricity and provide 8.904 million GJ of heat annually during normal operation. The project is still subject to approval at a shareholder meeting and faces risks such as land bidding, approval, funding, and market uncertainties.