Core Viewpoint - Wanxiang Technology (301180.SZ) has announced the termination of its plan to issue convertible bonds to unspecified investors due to significant changes in its production base in South China and considerations regarding funding costs [1] Group 1: Company Announcement - The company held its 17th meeting of the second board on September 25, 2025, where it approved the termination of the convertible bond issuance [1] - The company also held its 16th meeting of the second supervisory board on the same day to approve the same termination [1] - Wanxiang Technology stated that the termination will not have a significant adverse impact on its operational activities or financial stability, nor will it harm the interests of shareholders, especially minority shareholders [1] Group 2: Previous Bond Issuance Plan - The initial plan for the convertible bond issuance was disclosed on August 3, 2023, with a total fundraising amount not exceeding 600 million yuan (60,000.00 million) [1] - The funds were intended for investment in the South China manufacturing base project (Phase I), the Vietnam manufacturing base project, and to supplement working capital [1] Group 3: Company Background - Wanxiang Technology was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on November 16, 2021, with an initial public offering of 40.01 million shares at a price of 12.20 yuan per share [3] - The company raised a total of 488 million yuan from its initial public offering, with a net amount of 434 million yuan after expenses [4] - The company initially aimed to raise 619 million yuan for various projects, including the production of micro lithium-ion batteries and automation upgrades for precision components [4]

Core Viewpoint - Wanjing Technology has decided to terminate its "Battery Project" and permanently allocate the remaining raised funds to working capital, reflecting ongoing challenges in project execution and market conditions [2][4][6]. Group 1: Project Overview - The "Battery Project" was initially planned with a total investment of 1 billion RMB, with 217 million RMB from raised funds allocated for equipment and software, aiming to produce 39 million micro lithium-ion batteries annually [3]. - The project faced multiple delays, with the completion date pushed from August 2023 to December 2024, and then further to June 2026, while the allocated funds were reduced to approximately 117 million RMB [3][6]. - As of September 20, 2023, the cumulative investment in the "Battery Project" reached 95.19 million RMB, achieving an investment progress of 81.08% based on the adjusted total investment [5]. Group 2: Financial Implications - The company plans to use the remaining 26.79 million RMB of raised funds to enhance liquidity and support its main business operations, indicating a shift in focus towards optimizing asset structure and resource allocation [4][6]. - In the first half of 2025, Wanjing Technology reported revenues of approximately 167 million RMB from its power/storage business, a 91.67% increase year-on-year, and 420 million RMB from consumer electronics, a 16.55% increase year-on-year [6]. Group 3: Market Context - The micro lithium-ion batteries produced by the "Battery Project" are intended for various applications, including smart wearables, medical devices, and consumer electronics, which are in growing market segments [7]. - Industry experts suggest that the repeated delays and funding reallocations may indicate underlying issues in market expansion and management's ability to navigate market conditions, potentially impacting the company's long-term stability [8].

Core Viewpoint - Suzhou Wanxiang Technology Co., Ltd. plans to terminate the "New Micro Lithium-ion Battery and Precision Component Production Project" and permanently supplement remaining raised funds of 26.7994 million yuan into working capital, pending shareholder approval [1]. Group 1: Project Termination - The total investment for the terminated project was 1 billion yuan, with an original plan to use 217.3994 million yuan of raised funds [5]. - The project was expected to add an annual production capacity of 39 million micro needle-type and buckle-type lithium-ion batteries upon completion [5]. Group 2: Financial Performance - For the first half of 2025, the company's operating revenue was 634 million yuan, representing a year-on-year increase of 31.94% [5]. - The net profit attributable to shareholders was 2.0055 million yuan, a year-on-year decrease of 85.71% [5]. - The net profit excluding non-recurring gains and losses was -981,400 yuan, a year-on-year decrease of 685.31% [5]. - Basic earnings per share were 0.01 yuan [5].

Core Viewpoint - Wanxiang Technology (301180.SZ) has decided to terminate the "New Micro Lithium-ion Battery and Precision Component Production Project" and will permanently supplement the remaining raised funds into working capital, pending approval from the shareholders' meeting [1] Group 1 - The second meeting of the second board and the sixteenth meeting of the second supervisory board were held to discuss the termination of certain fundraising investment projects [1] - The decision to terminate the project was made during the fourth meeting of the second board's independent directors [1] - The remaining raised funds will be used to enhance the company's liquidity [1]

Core Viewpoint - Wanxiang Technology (301180) has decided to terminate the issuance of convertible bonds to unspecified objects due to significant changes in the situation of its South China production base and considerations of subsequent funding costs [1] Group 1 - The company plans to terminate the "New Micro Lithium-Ion Battery and Precision Component Production Project" [1] - Remaining raised funds will be permanently used to supplement working capital, as existing production capacity can meet customer development and production needs for a certain period [1]

一、本人已经通过苏州万祥科技股份有限公司第二届董事会提名委员会或者 独立董事专门会议资格审查，提名人与被提名人不存在利害关系或者其他可能影 响独立履职情形的密切关系。 √ 是 □ 否 苏州万祥科技股份有限公司 独立董事候选人声明 声明人顾月勤作为苏州万祥科技股份有限公司第三届董事会独立董事候选 人，现公开声明和保证，本人与该公司之间不存在任何影响本人独立性的关系， 且符合相关法律、行政法规、部门规章、规范性文件和深圳证券交易所业务规则 对独立董事候选人任职资格及独立性的要求，具体声明并承诺如下事项： 四、本人符合公司章程规定的独立董事任职条件。 √ 是 □ 否 如否，请详细说明：______________________________ 五、本人已经参加培训并取得证券交易所认可的相关培训证明材料（如有）。 √ 是 □ 否 如否，请详细说明：______________________________ 三、本人符合中国证监会《上市公司独立董事管理办法》和深圳证券交易所 业务规则规定的独立董事任职资格和条件。 √ 是 □ 否 如否，请详细说明：______________________________ 如否， ...

证券代码：301180 证券简称：万祥科技 苏州万祥科技股份有限公司 独立董事提名人声明 提名人苏州万祥科技股份有限公司董事会现就提名王学浩为苏州万祥科技 股份有限公司第三届董事会独立董事候选人发表公开声明。被提名人已书面同意 出任苏州万祥科技股份有限公司第三届董事会独立董事候选人。本次提名是在充 分了解被提名人职业、学历、专业资格、详细的工作经历、全部兼职等情况后作 出的，本提名人认为被提名人符合相关法律、行政法规、部门规章、规范性文件 和深圳证券交易所业务规则对独立董事候选人任职资格及独立性的要求，具体声 明如下： 一、被提名人已经通过苏州万祥科技股份有限公司第二届董事会提名委员会 或者独立董事专门会议资格审查，提名人与被提名人不存在利害关系或者其他可 能影响独立履职情形的密切关系。 √ 是 □ 否 如否，请详细说明：______________________________ 二、被提名人不存在《中华人民共和国公司法》第一百七十八条等规定不得 担任公司董事的情形。 √ 是 □ 否 如否，请详细说明：______________________________ 三、被提名人符合中国证监会《上市公司独立董事 ...

证券代码：301180 证券简称：万祥科技 苏州万祥科技股份有限公司 独立董事提名人声明 提名人苏州万祥科技股份有限公司董事会现就提名刘跃华为苏州万祥科技 股份有限公司第三届董事会独立董事候选人发表公开声明。被提名人已书面同意 出任苏州万祥科技股份有限公司第三届董事会独立董事候选人。本次提名是在充 分了解被提名人职业、学历、专业资格、详细的工作经历、全部兼职等情况后作 出的，本提名人认为被提名人符合相关法律、行政法规、部门规章、规范性文件 和深圳证券交易所业务规则对独立董事候选人任职资格及独立性的要求，具体声 明如下： 一、被提名人已经通过苏州万祥科技股份有限公司第二届董事会提名委员会 或者独立董事专门会议资格审查，提名人与被提名人不存在利害关系或者其他可 能影响独立履职情形的密切关系。 √ 是 □ 否 如否，请详细说明：______________________________ 二、被提名人不存在《中华人民共和国公司法》第一百七十八条等规定不得 担任公司董事的情形。 √ 是 □ 否 如否，请详细说明：______________________________ 三、被提名人符合中国证监会《上市公司独立董事 ...

苏州万祥科技股份有限公司 独立董事候选人声明 声明人刘跃华作为苏州万祥科技股份有限公司第三届董事会独立董事候选 人，现公开声明和保证，本人与该公司之间不存在任何影响本人独立性的关系， 且符合相关法律、行政法规、部门规章、规范性文件和深圳证券交易所业务规则 对独立董事候选人任职资格及独立性的要求，具体声明并承诺如下事项： 一、本人已经通过苏州万祥科技股份有限公司第二届董事会提名委员会或者 独立董事专门会议资格审查，提名人与被提名人不存在利害关系或者其他可能影 响独立履职情形的密切关系。 √ 是 □ 否 如否，请详细说明：______________________________ 二、本人不存在《中华人民共和国公司法》第一百七十八条等规定不得担任 公司董事的情形。 √ 是 □ 否 如否，请详细说明：______________________________ 三、本人符合中国证监会《上市公司独立董事管理办法》和深圳证券交易所 业务规则规定的独立董事任职资格和条件。 √ 是 □ 否 如否，请详细说明：______________________________ 四、本人符合公司章程规定的独立董事任职条件。 √ 是 ...

√ 是 □ 否 如否，请详细说明：______________________________ √ 是 □ 否 如否，请详细说明：______________________________ 二、本人不存在《中华人民共和国公司法》第一百七十八条等规定不得担任 公司董事的情形。 苏州万祥科技股份有限公司 独立董事候选人声明 声明人王学浩作为苏州万祥科技股份有限公司第三届董事会独立董事候选 人，现公开声明和保证，本人与该公司之间不存在任何影响本人独立性的关系， 且符合相关法律、行政法规、部门规章、规范性文件和深圳证券交易所业务规则 对独立董事候选人任职资格及独立性的要求，具体声明并承诺如下事项： 一、本人已经通过苏州万祥科技股份有限公司第二届董事会提名委员会或者 独立董事专门会议资格审查，提名人与被提名人不存在利害关系或者其他可能影 响独立履职情形的密切关系。 三、本人符合中国证监会《上市公司独立董事管理办法》和深圳证券交易所 业务规则规定的独立董事任职资格和条件。 √ 是 □ 否 如否，请详细说明：______________________________ 四、本人符合公司章程规定的独立董事任职条件。 √ 是 ...