Zhitong Financial and Economic APP, Clearwater (300437.SZ) issued an announcement that the cellulose ether project products the company intends to invest in are mainly building materials grade cellulose ethers. Based on the comprehensive consideration of the current industrial policy and market environment changes, combined with the company's production and operation management and project implementation specific comprehensive evaluation, it is considered that the current implementation conditions of the project have changed greatly, resulting in the project can not be implemented in accordance with the original planning requirements. Considering the above reasons and future development strategy, the company made a prudent decision to terminate the investment and construction of the project.

The company terminates the investment and construction of the cellulose ether project, which is in line with the company's development strategy, helps to ensure the company's stable financial situation and enhance the company's core competitiveness. In addition, at present, the project is in the early stage and has not made substantial progress, the amount of investment in the previous period is relatively small, and the termination of the project does not cause economic losses to the company and will not have a significant impact on the company's operating performance. There is no harm to the interests of the company and all shareholders.