On September 24, the company replied that according to the regular report disclosed earlier by the company and the “Investment Progress Notice on High-end Alloy Soft Magnetic Materials and Magnetic Component Production Base Projects” disclosed on September 7, 2026, the company and the Huidong County Natural Resources Bureau signed separate “State-owned Construction Land Use Rights Transfer Contracts” on July 18, 2023 and October 22, 2024, which sold a total of 45.61 acres of industrial land. Construction of the above land began in March 2025. In view of the fact that the first phase of the plant construction of the aforementioned project has been basically completed, on February 11, 2026, Platco Industrial, a wholly-owned subsidiary of the company, signed the “Supplementary Agreement on Investment and Construction Supervision Agreement” with the Management Committee to accelerate the acquisition of remaining industrial land to start construction of high-end metal soft magnetic materials and magnetic components production base projects. In the process of advancing the overall project, it includes multiple sub-projects and multiple procedures and processes. The EIA procedure is one of them.

On September 24, the company replied that according to the regular report disclosed earlier by the company and the “Investment Progress Notice on High-end Alloy Soft Magnetic Materials and Magnetic Component Production Base Projects” disclosed on September 7, 2026, the company and the Huidong County Natural Resources Bureau signed separate “State-owned Construction Land Use Rights Transfer Contracts” on July 18, 2023 and October 22, 2024, which sold a total of 45.61 acres of industrial land. Construction of the above land began in March 2025. In view of the fact that the first phase of the plant construction of the aforementioned project has been basically completed, on February 11, 2026, Platco Industrial, a wholly-owned subsidiary of the company, signed the “Supplementary Agreement on Investment and Construction Supervision Agreement” with the Management Committee to accelerate the acquisition of remaining industrial land to start construction of high-end metal soft magnetic materials and magnetic components production base projects. In the process of advancing the overall project, it includes multiple sub-projects and multiple procedures and processes. The EIA procedure is one of them.