Vanfo Biotechnology: decision to temporarily suspend the construction project of the Knowledge City production base.

On November 14th, Wanfu Bio announced that the company plans to re-evaluate and temporarily postpone the "Knowledge City Production Base Construction Project" under the condition that the main body, implementation method, use of raised funds, and investment scale of the investment project do not change. In recent years, due to significant changes in the internal and external environment facing the company's operations, in order to avoid wasting resources and duplicative investments, reduce production and operation costs for the enterprise, and improve the efficiency of fund utilization, the company has decided to temporarily postpone the implementation of the investment project and reevaluate the project's investment return.