Core Viewpoint - The company has decided to postpone the expected operational status date of its fundraising project, the "Yuanxin High-end Dyeing Equipment Manufacturing Project," to March 31, 2026, due to the complexity of equipment installation and transportation [3][4]. Group 1: Fundraising Overview - The company issued 2,864,670 convertible bonds with a total fundraising amount of RMB 28,646.70 million, netting RMB 28,008.10 million after deducting issuance costs [1]. - As of February 2025, the company has utilized RMB 21,158.56 million of the raised funds, representing 75.54% of the total committed investment [2]. Group 2: Project Postponement Details - The postponement of the project is based on the actual progress of the fundraising project, with no changes to the investment purpose or scale [4][5]. - The project was initially scheduled to reach operational status by March 31, 2025, but has been adjusted to March 31, 2026, due to ongoing equipment transportation and installation [3][4]. Group 3: Impact and Approval - The postponement is not expected to have a significant adverse effect on the company's normal operations and has been approved by both the board of directors and the supervisory board [4][5]. - The decision aligns with the company's overall strategic planning and complies with relevant laws and regulations [5].