Core Points - The company has completed the investment projects "Mianyang Industrial Base Expansion Project" and "High-speed Line Module Production Line Project," and has decided to conclude these projects and permanently supplement the remaining funds into working capital [1][5][10] - The company plans to adjust the timeline for the "R&D Innovation Center Upgrade Project" due to its implementation progress [1][9][10] Fundraising Overview - The company raised a total of RMB 640.32 million through its initial public offering, with a net amount of RMB 571.48 million after deducting issuance costs [1][2] - The company has established a dedicated account for the raised funds and signed a tripartite supervision agreement with the sponsor and the bank [1][2] Fund Usage Status - As of May 31, 2025, the cumulative investment in the projects has reached 80.63% of the planned investment [4] - The remaining funds from the concluded projects will be used to enhance the company's liquidity and operational efficiency [6][8] Reasons for Fund Surplus - The surplus in project funds is attributed to careful management and cost control during the construction phase, ensuring quality while minimizing expenses [5][6] - The company has also generated interest income from temporarily idle funds, further contributing to the surplus [5][6] Impact of Fund Allocation - The decision to conclude the projects and allocate surplus funds to working capital aligns with the company's long-term development strategy and is expected to improve resource allocation and operational efficiency [8][11] - The company will maintain the dedicated fund account until all pending payments are settled [5][8] Project Delay Details - The timeline for the "R&D Innovation Center Upgrade Project" has been postponed to April 30, 2026, to ensure alignment with the company's strategic goals [9][10] - The delay is not expected to adversely affect the project's implementation or the company's overall operations [9][11]
华丰科技: 关于部分募集资金投资项目结项并将节余募集资金永久补充流动资金及部分募集资金投资项目延期的公告