Guancheng New Materials announced that the company's board of directors reviewed and passed a bill to cancel its wholly-owned subsidiary Fujian Huashida Real Estate Co., Ltd. The subsidiary has no actual development or business operation, and the company is gradually advancing the pace of de-real estate. The purpose of this cancellation is to optimize resource allocation, reduce management costs, and improve operational management efficiency. The board of directors has authorized management to handle specific matters related to the cancellation. In addition, the meeting also reviewed and approved the company's report for the third quarter of 2026.

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