Divine materials: Subsidiary Nantong Divine terminates the 243,000 ton lithium battery and fluorine-containing new materials project.

Material Announcement: The company held a board meeting on July 3, 2026, and approved the termination of the subsidiary Nantong Tiangi's lithium battery and fluorine-containing new material project with an annual output of 243,000 tons. The original planned total investment for this project was 2.654 billion yuan, and as of June 30, 2026, the cumulative balance of the ongoing construction project was 9.3613 million yuan. The termination of the project was mainly due to increased competition in the electrolyte industry, changes in the fluorine chemical market environment, and company strategic adjustments. The termination of the project will not have a significant adverse impact on the current performance, and the company is currently researching new product plans.