On September 2, Geelong announced that in 2019, shandong taihe technologies (300801.SZ) aimed to attract outstanding talents and continuously improve the company's competitiveness through the integration of production, study, and research. Relying on the geographical advantage of Qingdao, a wholly-owned subsidiary Fengyi Taihe was established. The company has now constructed and put into use a new R&D center in Zaozhuang City, supplementing more advanced experimental, analytical, and testing instruments. The R&D capabilities have continued to improve, and talent acquisition is relatively easy. To facilitate the overall research and development management of the company, further optimize resource allocation, reduce management costs, and improve the efficiency of the company's asset management, the company has decided to cancel the wholly-owned subsidiary Fengyi Taihe.

After this cancellation, the company's scope of consolidated financial statements will correspondingly change, and Fengyi Taihe will no longer be included in the company's consolidated financial statements. The cancellation of Fengyi Taihe will not have a significant impact on the overall business development and profitability of the company, and will not harm the interests of the company and all shareholders.