Zhongfu Condor issued an announcement on the Investor Relations Activity Record Form. In March of this year, due to the international situation, the price of petroleum raw materials rose, and the company's raw material procurement costs passively increased. At the same time, considering that the price of petrochemical products may be fluctuating at a high level for a long time, in order to effectively hedge the impact of fluctuations in raw material prices on the company's profit level, the company implemented a 5% to 10% increase in the price of a full range of products in August. Prior to this price adjustment, the company had full pre-communication with core customers and reached consensus on cost transmission and market conditions. Currently, downstream customers are well accepted, and they are willing to work together to push the price of carbon fiber products back to a reasonable range.

Zhongfu Condor issued an announcement on the Investor Relations Activity Record Form. In March of this year, due to the international situation, the price of petroleum raw materials rose, and the company's raw material procurement costs passively increased. At the same time, considering that the price of petrochemical products may be fluctuating at a high level for a long time, in order to effectively hedge the impact of fluctuations in raw material prices on the company's profit level, the company implemented a 5% to 10% increase in the price of a full range of products in August. Prior to this price adjustment, the company had full pre-communication with core customers and reached consensus on cost transmission and market conditions. Currently, downstream customers are well accepted, and they are willing to work together to push the price of carbon fiber products back to a reasonable range.