On December 10, Solvay New Materials (301069.SZ) disclosed its decision to temporarily halt the execution of the fundraising investment project associated with the public issuance of convertible corporate bonds, specifically the '10,000 Tons/Year New Lithium Salt Project for Lithium Batteries.' Initially earmarked for a 550 million yuan investment, the project's suspension stems from the current transitional phase within the new energy sector. This period is characterized by rapid advancements and frequent updates in lithium battery technology, coupled with substantial shifts in market dynamics. In a bid to prevent resource misallocation, curtail production and operational expenses for the enterprise, and enhance the efficiency of capital utilization, this strategic move has undergone thorough review and received endorsement from both the company's board of directors and a dedicated meeting of independent directors.