According to Luhua Technology's announcement, the company plans to implement “an 800t/d ultra-high temperature coal gasification technology independent research and industrial demonstration project suitable for Shanxi's 'three high' coals”, sign “cooperative framework contracts” with various parties, invest no more than 58 million yuan, and raise its own funds. Since the cooperating unit Taihua New Materials is a related party of the company, it is estimated that the amount of tasks assigned to it will not exceed 22 million yuan, constituting a related transaction. The project is scheduled to be completed by March 31, 2028. The project has been reviewed by the board of directors, etc., and does not require review by the shareholders' meeting, but there are risks such as R&D and implementation progress.

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