Taihe Technology announced that Taihe Technology's wholly-owned subsidiary Taihe Energy Materials Co., Ltd. plans to invest and build a lithium iron phosphate cathode material project with an annual output of 10,000 tons already has industrial production capacity, but continuing to implement the lithium iron phosphate project does not have a cost advantage. The company plans to produce sodium iron pyrophosphate through the transformation of the original lithium iron phosphate production plant to form a production scale of 10,000 tons of sodium iron pyrophosphate per year. There may be a risk that the project will not reach 100% of the pilot target, as well as the impact of factors such as insufficient market development capacity, changes in the market environment, and industry policies. There is a risk that the project transformation will not be implemented as expected, or that market expansion and economic benefits will fall short of expectations. This project adjustment is a prudent decision based on policy orientation, changes in the new energy industry and market environment, overall investment and operation efficiency, and long-term development layout. It helps the company optimize its product structure, seize market development opportunities, further enhance its core competitiveness, and conforms to the company's long-term development plan and the fundamental interests of all shareholders.

Taihe Technology announced that Taihe Technology's wholly-owned subsidiary Taihe Energy Materials Co., Ltd. plans to invest and build a lithium iron phosphate cathode material project with an annual output of 10,000 tons already has industrial production capacity, but continuing to implement the lithium iron phosphate project does not have a cost advantage. The company plans to produce sodium iron pyrophosphate through the transformation of the original lithium iron phosphate production plant to form a production scale of 10,000 tons of sodium iron pyrophosphate per year. There may be a risk that the project will not reach 100% of the pilot target, as well as the impact of factors such as insufficient market development capacity, changes in the market environment, and industry policies. There is a risk that the project transformation will not be implemented as expected, or that market expansion and economic benefits will fall short of expectations. This project adjustment is a prudent decision based on policy orientation, changes in the new energy industry and market environment, overall investment and operation efficiency, and long-term development layout. It helps the company optimize its product structure, seize market development opportunities, further enhance its core competitiveness, and conforms to the company's long-term development plan and the fundamental interests of all shareholders.