Financial Allocation - The company plans to utilize HKD 51,743,000 for expanding the biodegradable plastic production line in Changchun by the end of 2024[3]. - An amount of HKD 51,588,000 is expected to be used for establishing a production base in Southeast China by 2025[3]. - The company has allocated HKD 33,253,000 for enhancing R&D projects, with HKD 14,320,000 already utilized and HKD 18,933,000 expected to be used by the end of 2024[4]. - HKD 6,682,000 is earmarked for strengthening the company's R&D capabilities and upgrading existing R&D equipment, expected to be utilized by 2025[4]. - The total unutilized net proceeds as of December 31, 2023, amount to HKD 119,169,000[4]. Strategic Adjustments - The company has decided to adjust its expansion plans due to the establishment of two new production facilities, requiring time to assess potential opportunities[4]. - The company will determine the actual allocation of unutilized proceeds after reviewing the financial situation for the full year of 2024[5]. - Internal funds have been used for initial investments in Anji and Dongguan, rather than the unutilized proceeds from the listing[4]. Corporate Governance - The company emphasizes that the information provided is supplementary to the 2023 annual report and should be read in conjunction with it[6]. - The chairman and executive director of the company is Zhang Yuqiu, with other executive directors including Shan Yuzhu, Li Xiquan, and Li Peng[6].
中宝新材(02439) - 2024 - 年度业绩