Nikka Chemicals: Controlling shareholder and concerted action parties intend to adjust voluntary commitments.

Nikkei Chemical announced that the company held the tenth meeting of the sixth board of directors on November 10, 2025, and approved the "Proposal on the Proposed Adjustment of Voluntary Commitments by Controlling Shareholders and Acting in Concert." In January 2022, the company, together with Shandong Hongxu Chemical Co., Ltd. and Shandong Hengyu Tong Investment Co., Ltd., jointly invested in the establishment of Shandong Huinengda New Materials Technology Co., Ltd., with a registered capital of 80 million yuan. The company holds 36% of the shares and plans to invest in the construction of a "60,000 ton per year lithium battery electrolyte raw material project." In February 2023, the controlling shareholder and acting in concert issued a "Commitment Letter from the Controlling Shareholder and Acting in Concert on the Company's Investment in the Construction of Electrolyte Raw Material Projects," including a commitment that if the joint venture company does not obtain a construction permit for the first phase of the project within 12 months from the completion of the land real estate certificate, they will purchase the equity of the joint venture company held by Nikkei Chemical. Due to the joint venture company's plan to make changes to the original project content and not obtaining a construction permit, the fulfillment condition of the commitment is about to be triggered.