FANGDA CARBON: Plans to use no more than 2.4 billion yuan of its own funds for securities investment

FANGDA CARBON announced that the company and its subsidiaries plan to use a maximum amount not exceeding RMB 2.4 billion of their own funds for securities investments, including new share placements, subscriptions, stocks, funds, and bond investments. The investment period is valid for 12 months from the date of approval by the shareholders' meeting, and the funds can be used on a rolling basis. The company stated that this move aims to improve the efficiency of fund utilization and create greater economic benefits