Huazheng New Materials announced that the Yuhang Subdistrict Office of the Yuhang District People's Government of Hangzhou has relocated part of the company's land and houses located at No. 2 Huayi Road, Yuhang Street, Yuhang District, Hangzhou. The total construction area is 330,44.57 square meters, and the total compensation amount is RMB 301 million. The company has received the total agreed compensation of RMB 301 million. The relocation compensation received by the company will be subject to corresponding accounting processing in 2025 in accordance with corporate accounting standards. It is estimated that the company's net profit before tax will increase by about RMB 220 million for that year. The specific amount is subject to the audit report issued by the auditing agency.

Huazheng New Materials announced that the Yuhang Subdistrict Office of the Yuhang District People's Government of Hangzhou has relocated part of the company's land and houses located at No. 2 Huayi Road, Yuhang Street, Yuhang District, Hangzhou. The total construction area is 330,44.57 square meters, and the total compensation amount is RMB 301 million. The company has received the total agreed compensation of RMB 301 million. The relocation compensation received by the company will be subject to corresponding accounting processing in 2025 in accordance with corporate accounting standards. It is estimated that the company's net profit before tax will increase by about RMB 220 million for that year. The specific amount is subject to the audit report issued by the auditing agency.