688707.SH announced that the company held the 18th meeting of the Fifth Board of Directors and the 11th meeting of the Fifth Board of Supervisors respectively on November 24, 2021 to consider and pass the "motion on the postponement of partially raised investment projects" and agreed to adjust the time for the company's partially raised investment projects to reach the scheduled state of use.
Combined with the actual construction situation and investment progress of the company's fund-raising projects, under the condition that the investment purpose and scale of the raised funds remain unchanged, the company plans to extend the time for the construction project of the lithium-ion battery cathode material production line (Shawen II) to reach the scheduled serviceable state until December 31, 2022.