Shandong Molong Petroleum Machinery Company Limited (00568) announced that, in line with its development strategy and planning, the company held the 9th interim meeting of the 8th Board of Directors on December 15, 2025. The meeting reviewed and approved the "Proposal on Investment in Construction Projects," agreeing to use no more than RMB 170 million of the company's own or raised funds to invest in the "High-End Petroleum Special Pipe Intelligent Processing Line Project" within the technology park.

The project aims to enhance the company's comprehensive operational efficiency and unlock its development potential by expanding production line capacity, optimizing production layout, improving supporting facilities, and strengthening processing capabilities. Upon completion, the project is expected to boost the company's supply capacity for high-end products, reduce production costs, and strengthen its core competitiveness and overall capabilities, aligning with its long-term development strategy.

The investment will be funded through the company's own or raised capital, with phased funding based on project planning and implementation progress. In the short term, the project will not significantly impact the company's financial condition or operating results, nor will it affect its existing core business operations. The investment does not pose any risk of harming the interests of the company or its shareholders.