KPA(SH:688681) Zheng Quan Zhi Xing·2025-06-20 11:41Core Viewpoint - The company has decided to postpone the completion dates for certain fundraising projects while maintaining the original investment content, total investment amount, and implementation subjects, ensuring no substantial impact on project execution [1][5][6]. Fundraising Basic Information - The company issued 26.17 million shares at a price resulting in a net fundraising amount of approximately RMB 19.28 million after deducting various fees [1]. - As of May 31, 2025, the total balance of the fundraising in dedicated accounts is RMB 45.62 million, excluding RMB 59 million in idle funds used for cash management [2]. Fund Usage Status of Postponed Projects - The "Smart Grid Fault Monitoring and Automation Product Upgrade Project" and "Modern Electrical Automation Technology Research Institute Construction Project" are the two projects affected by the postponement [2][4]. - The cumulative investment in the "Smart Grid Fault Monitoring and Automation Product Upgrade Project" and the "Modern Electrical Automation Technology Research Institute Construction Project" is being monitored, with specific amounts to be detailed [2]. Reasons for Postponement - The postponement is based on the actual progress of the projects, with the "Smart Grid Fault Monitoring and Automation Product Upgrade Project" expected to reach a usable state by December 2025 due to ongoing equipment procurement and installation [4]. - The "Modern Electrical Automation Technology Research Institute Construction Project" is also postponed to December 2025, as its facilities need to be upgraded in sync with the aforementioned project [4]. Measures to Ensure Timely Completion Post-Delay - The company will adhere to relevant regulations and strengthen supervision over the use of fundraising, ensuring legal and effective utilization of funds [4]. - The company plans to closely monitor market changes and project progress, coordinating internal and external resources to mitigate risks associated with fundraising [4]. Impact of Postponement on the Company - The postponement is a prudent decision based on project implementation realities and does not alter the investment content or total amount, ensuring no adverse effects on normal operations [5][6]. - The decision aligns with regulatory requirements and does not harm shareholder interests, as confirmed by both the board and supervisory committee [6][7].