[Xiamen Tungsten New Energy: The holding subsidiary plans to invest 723 million yuan in the construction of a 40,000-ton iron phosphate (manganese) lithium project] On October 26, Xiamen Tungsten New Energy (688778.SH) announced that the company’s holding subsidiary Ya’an Xiamen Tungsten New Energy plans to Invest in the new Ya'an Phase IV project with an annual output of 40,000 tons of iron (manganese) lithium project. The total investment is expected to be 723 million yuan, including 676 million yuan in fixed asset investment and 47 million yuan in basic working capital. The source of funds is its own and self-raised funds. The project construction period is 18 months and is scheduled to be put into operation in June 2028. After the completion of the project, Ya'an Xia Tungsten New Energy's iron (manganese) lithium phosphate production capacity will reach 120,000 tons/year. This investment has been reviewed and approved by the company's board of directors and does not need to be submitted to the shareholders' meeting for review. It does not constitute a related transaction or major asset restructuring.