Recently, Huafon Chemical (002064) announced that the remaining 75,000-ton capacity of the non-public issuance fundraising project implemented by its controlling subsidiary, Huafon Chongqing Spandex Co., Ltd. (hereinafter referred to as "Chongqing Spandex")—the 250,000-ton differentiated spandex expansion project (originally the "300,000-ton differentiated spandex expansion project")—has recently commenced trial operations. As a key initiative for the company to expand its spandex production capacity and consolidate its industry advantages, the gradual release of this project will further enhance the company's economies of scale and market competitiveness in the spandex sector.