东岳集团(00189) - 2025 - 年度业绩

Supplemental Announcement and Change in Use of Proceeds This section outlines the updated use of placement proceeds and the reallocation of unutilized funds Update on Use of Proceeds from Placement The company details the utilization of HKD 3.31 billion net proceeds from the placement, with HKD 249 million unutilized as of December 31, 2024 - The net proceeds from the placement (after deducting related expenses and fees) totaled approximately HKD 3.31 billion[4] Details of Proceeds Utilization as of December 31, 2024 | Purpose | Net Proceeds Allocated (Thousand HKD) | Net Proceeds Utilized as of December 31, 2024 (Thousand HKD) | Unutilized Net Proceeds Balance (Thousand HKD) | | :--- | :--- | :--- | :--- | | Increasing PVDF and Raw Material Production Capacity | 2,000,000 | 1,895,760 | 104,240 | | Increasing PTFE and Raw Material Production Capacity | 800,000 | 655,520 | 144,480 | | Supplementing General Working Capital | 510,000 | 510,000 | 0 | | Total | 3,310,000 | 3,061,280 | 248,720 | Change in Use of Unutilized Proceeds The Board reallocates HKD 192 million of unutilized proceeds to high-end PTFE, green transformation, and new refrigerant projects - Reason for change: Severe supply-demand imbalance in the PVDF and PTFE product markets led to changes in product unit prices and lower-than-expected prior investment returns[6] - As of the announcement date, the unutilized net proceeds amounted to approximately HKD 191.9 million, and the Board has resolved to change their use[6] New Allocation Plan for Unutilized Net Proceeds | New Purpose | Allocated Amount (Thousand HKD) | Proposed Utilization Timeline | | :--- | :--- | :--- | | PTFE Ultra-High Purity Quality Improvement (High-End PTFE) | 89,558 | December 2026 | | Green and Intelligent Transformation of Tetrafluoroethylene Production Line | 68,234 | December 2026 | | Pilot Project for Tetrafluoropropylene (New Refrigerant) Production | 34,117 | December 2025 | | Total | 191,909 | — | - The Board believes that changing the use allows the company to more effectively allocate financial resources, enhancing the Group's operating performance in the long term and aligning with the overall interests of the Group and its shareholders[7]