According to Puyuan Materials's announcement, Meishan Indile, the company's holding company, plans to invest in the Meishan Indile Phase III project, with a total investment of no more than 1 billion yuan, of which no more than 800 million yuan is fixed asset investment, and the funding sources are own and self-funded. The project plans to purchase about 150 acres of chemical land, build a silicon-carbon precursor resin material production base with an annual output of 100,000 tons, a production base for new energy functional materials with an annual output of 200,000 tons, and a transformation base for R&D results. The first phase of the production project for new energy functional materials with an annual output of 100,000 tons is planned to begin within 9 months after obtaining land use rights, and the construction period is 24 months. This investment does not constitute a related transaction or major asset restructuring. It still needs to be submitted to the shareholders' meeting for review, and is subject to approval from the government, EIA, etc., so there is uncertainty.

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