China Resources Materials: Due to recent geopolitical conflicts, the prices of upstream raw materials such as PTA and MEG have experienced significant fluctuations.

Golden Ten Data reported on March 11 that China Resources Materials stated during a conference call that, due to recent geopolitical conflicts, international crude oil prices have fluctuated sharply, leading to significant volatility in upstream raw material prices such as PTA and MEG. The difficulty of logistics transportation for materials in transit and exported goods has increased, and freight costs have risen. For goods shipped to the Middle East regions such as the Strait of Hormuz and Dammam Port, coordination is required to transfer them to surrounding areas like Oman and the United Arab Emirates before further distribution. The company's sales revenue from the Middle East accounts for a relatively small proportion of its overall revenue, so the impact of this geopolitical conflict on the company's overall sales and operating performance is limited.