Titanium Energy Chemical announced that the 14th meeting of the 8th board of directors of the company reviewed and passed two investment proposals. First, the holding subsidiary Guizhou Zhonghe Phosphating increased its capital by 260 million yuan to build a project with an annual output of 400,000 tons of titanium dioxide and 1.4 million tons of ferrous sulfate heptahydrate, with an estimated total investment of 5,538 billion yuan; second, the wholly-owned subsidiary Gansu Dongfang Titanium invested in the construction of a 600,000 ton [lithium iron phospace/sodium iron phosphate] precursor project with an estimated total investment of 5.462 billion yuan. Investments in both projects do not constitute a major asset restructuring, and there is no need to submit them to the shareholders' meeting for consideration.

Titanium Energy Chemical announced that the 14th meeting of the 8th board of directors of the company reviewed and passed two investment proposals. First, the holding subsidiary Guizhou Zhonghe Phosphating increased its capital by 260 million yuan to build a project with an annual output of 400,000 tons of titanium dioxide and 1.4 million tons of ferrous sulfate heptahydrate, with an estimated total investment of 5,538 billion yuan; second, the wholly-owned subsidiary Gansu Dongfang Titanium invested in the construction of a 600,000 ton [lithium iron phospace/sodium iron phosphate] precursor project with an estimated total investment of 5.462 billion yuan. Investments in both projects do not constitute a major asset restructuring, and there is no need to submit them to the shareholders' meeting for consideration.