Our company (hereinafter referred to as "Fuheng New Materials") has officially signed a strategic cooperation agreement with Guangte HaiZhi Marine Technology (Qingdao) Co., Ltd. (hereinafter referred to as "Guangte HaiZhi"), announcing the establishment of a long-term and stable strategic partnership. Leveraging their respective domain strengths and shared vision for industry development, both parties have decided to jointly establish the "Luxury Intelligence Laboratory." This initiative aims to fully utilize their leading advantages in modified plastic material R&D and production, as well as in intelligent hardware and marine technology. Through joint R&D, resource sharing, supply chain collaboration, and other forms, they will collectively promote the integration of advanced manufacturing and material technology, driving innovation and industrial upgrading. The partnership is dedicated to addressing the urgent demand for high-performance and intelligent materials in the high-end manufacturing sector, while jointly exploring broader market opportunities.
Fuheng New Materials, as a leading enterprise in China's modified plastics industry, has consistently focused on the R&D, production, sales, and technical services of high-performance modified plastics. Its products are widely used in industries such as home appliances, automobiles, and consumer electronics, earning extensive market recognition with outstanding product performance and professional services. As a national high-tech enterprise and a "Little Giant" in specialized, sophisticated, and innovative sectors, it possesses robust R&D capabilities.  Guangtihai Intelligence, a wholly-owned subsidiary of Tesly Technology Group, excels in cutting-edge technological R&D and extensive global project experience in areas including marine large models, seabed computing infrastructure, optical modules, and multi-agent hardware production and manufacturing.
1. Strengthen R&D advantages to empower the upgrading of high-end materials
(1) Building on technological foundations, focusing on cutting-edge R&D to overcome high-end bottlenecks
Fuheng New Materials has established a solid foundation in technological R&D. As of January 31, 2026, the company holds 32 authorized patents (including 27 invention patents and 5 utility patents). Its technical center has been recognized as the "Guangdong Special Engineering Plastics Engineering Technology Research Center" and the "Shenzhen Carbon Fiber Modified Engineering Plastics Engineering Laboratory," while its testing center has obtained CNAS national laboratory accreditation. Additionally, the company has accumulated over 10,000 technical formulations for modified plastics, enabling it to meet customers' high-level customization demands.

The research and development direction of Shezhi Laboratory is deeply aligned with the company's "high-end strategy," focusing on three key areas: high-performance modified plastics, intelligent materials (self-sensing/self-healing), and eco-friendly materials. It drives material technology toward intelligent, lightweight, and environmentally friendly advancements to meet the specific needs of high-end smart hardware and marine engineering. In 2024, the company has explicitly identified "humanoid robots and special engineering plastics for the low-altitude economy" as key technical breakthroughs, with laboratory R&D outcomes directly supporting the implementation of these technologies and accelerating the import substitution process for high-end materials.

(2) Sharing R&D resources to establish a closed loop of "R&D-production-application"
The Shezhi Laboratory is jointly managed by a steering committee formed by both parties, with research outcomes shared equally. Intellectual property resources will be discussed for mutual sharing and licensing, collectively building a technological moat. Leveraging Fotu HaiZhi's expertise in intelligent hardware and marine engineering, Fuheng New Materials can address industry pain points such as "material intelligence and lightweighting," bridging the gap between R&D and application. Meanwhile, the laboratory's research achievements can be rapidly scaled through Fuheng New Materials' 2023-funded "High-Performance Modified Plastic Smart Manufacturing Base." Both parties have also established a regular technical exchange mechanism, including technical personnel training and knowledge sharing, and jointly launched R&D projects focused on specific application scenarios (e.g., smart wearables and marine equipment). This further enhances the efficiency of technology R&D and commercialization, achieving a full closed-loop integration of R&D, production, and application.
2. Expand downstream application boundaries and unlock incremental business opportunities
(1) Target high-value new scenarios to offset competition in traditional sectors
Fuheng New Materials currently focuses on modified plastics for home appliances, consumer electronics, and automotive sectors. This collaboration, supported by the Shizhi Laboratory, involves customized R&D targeting material needs for high-end smart hardware (such as optical and multi-agent hardware modules) and marine engineering (undersea computing infrastructure), driving the company's products into high-margin sectors. For instance, corrosion-resistant and temperature-resistant modified plastics for marine engineering, as well as high-reliability materials for smart hardware—these products boast significantly higher gross margins than traditional home appliance materials, helping the company break free from homogenized competition in conventional fields and achieve product structure upgrades.
(2) Customized R&D Supply, Securing Stable Orders for Revenue Assurance
Fuheng New Materials will establish a dedicated team based on Guangte Haili's specific product requirements to develop customized new materials with unique properties, providing comprehensive support from formulation design, sample prototyping to mass production. Guangte Haili will prioritize the procurement of these customized materials, ensuring stable and efficient supply chain collaboration between both parties. Leveraging Guangte Haili's project experience in global marine technology and smart hardware, Fuheng New Materials is expected to secure long-term and stable order support. Meanwhile, the "eco-friendly materials" developed in the laboratory align with international environmental standards, facilitating the company's expansion into overseas markets. The high-end products developed in the laboratory can further enhance Fuheng's market share in the global premium modified plastics sector.
At present, ZTE's PCR materials have gradually achieved mass production, and orders related to Hansu Technology have also steadily increased. ZTE's huge global procurement demand and continuous technological iteration will bring stable and continuously growing market orders for the cooperative materials between the two parties. This not only provides an important channel for the large-scale commercial landing of the research and development achievements of the "Luxury Intelligence Laboratory", but also opens up new growth space for Fuheng New Materials in the vast field of communication infrastructure, and launches a new engine for business growth. At the same time, integrating into ZTE's R&D and product system allows both parties to have a more direct and forward-looking insight into the core requirements of the communication field for future material performance (such as low dielectric, high thermal conductivity, lightweight, weather resistance, etc.), thereby driving the R&D direction of the "Luxury Intelligence Laboratory" to focus more on the forefront of the market and accelerate the innovation cycle of the next generation of high-performance materials.
3、 Deepen resource collaboration and strengthen industry competition barriers
（1） Share customer and channel resources to expand market coverage
The agreement stipulates that both parties will deeply share customer and market resources. Fuheng New Materials can recommend Guangte Haizhi's marine technology/intelligent hardware solutions to existing home appliance and automotive customers, while Guangte Haizhi can recommend Fuheng New Materials' modified plastic products to its global customers (such as marine engineering enterprises and intelligent hardware manufacturers). Both parties will also jointly carry out market promotion activities to explore home appliances, automobiles, marine engineering, and even international markets. This will help Fuheng New Materials quickly reach new customer groups such as "marine engineering, high-end intelligent hardware", make up for the industry limitations of traditional customers, further expand market coverage, and enhance the brand influence and market competitiveness of both parties.
（2） Collaborative supply chain and production cooperation, optimizing costs and improving efficiency
Fuheng New Materials will provide stable and reliable material supply and potential OEM production services for Guangte Haizhi. Through deep cooperation in supply chain integration and production processes, both parties will achieve dual improvements in cost optimization and production efficiency, ensuring their core competitiveness in product research and market delivery.
（3） Joint participation in standard setting to enhance industry discourse power
Both parties will jointly participate in the development of industry standards related to "smart hardware materials and marine engineering materials". As a leading enterprise in the field of modified plastics, Fuheng New Materials can transform its technological advantages into industry rules through standard setting, further consolidating its leading position in the high-end materials industry; At the same time, relying on the technological endorsement of Guangte Haizhi in the fields of intelligent hardware and ocean technology, Fuheng New Materials' competitiveness in the integration of "intelligent materials+advanced manufacturing" will be significantly enhanced, widening the gap with small and medium-sized peers and strengthening the overall industry competition barriers.
4、 Looking ahead to the future
This strategic cooperation with Guangte Haizhi is a key step for Fuheng New Materials to deepen industrial synergy and layout cutting-edge technology application fields. By jointly building luxury smart laboratories, conducting customized research and development, and achieving comprehensive resource collaboration, Fuheng New Materials will further strengthen its technological reserves in the field of high-performance modified plastics, focusing on expanding emerging markets such as intelligent hardware and ocean engineering. For example, products such as corrosion-resistant and weather resistant modified plastics developed for ocean communication and outdoor base stations will continue to enrich the company's high-end product matrix.
With the global customer resources and technological advantages of Guangte Haizhi in the fields of ocean technology and intelligent hardware, Fuheng New Materials will continuously improve the penetration rate of its products in high-end application scenarios and enhance its brand premium ability. In the future, Fuheng New Materials will not only further consolidate its R&D and production advantages in the field of modified plastic materials, but also deeply integrate its material innovation capabilities into emerging strategic areas such as intelligent hardware and marine technology, providing customers with more valuable comprehensive material solutions, empowering advanced manufacturing with material innovation, and working together with Guangte Haizhi to build an innovative ecosystem for new materials and intelligent manufacturing.