Zhitong Finance App News, Dream Lily (603313.SH) issued an announcement. In order to cope with market changes and take into account the actual operating conditions of the company's holding subsidiary Jiangsu Duolan New Materials Technology Co., Ltd. (“Duolan New Materials”), after careful research, Duolan New Materials will be permanently discontinued in the near future.

Permanent discontinuation of production of Duolan New Materials will help the company reduce operating costs, optimize resource allocation, meet the company's strategic development needs, and will not harm the interests of the company and all shareholders. Duolan New Materials' revenue in 2025 is less than 15% of the company's total revenue. Permanent discontinuation of production at this stage will not have a significant adverse impact on the company's main business development and ability to continue operating.

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