晶盛机电抛光设备制造项目终止，12吋大硅片项目延期至明年6月建成

Core Viewpoint - The company announced adjustments to certain fundraising projects, including the termination of the "annual production of 80 sets of semiconductor material polishing and thinning equipment" project and the postponement of the "12-inch integrated circuit large silicon wafer equipment testing experimental line project" to June 30, 2027 [2][3][6] Project Adjustment Background - The adjustments were made based on the industry's development trends and the company's actual business situation, responding to the surge in domestic equipment demand in the semiconductor industry [3] - The company shifted its strategy to procure components from the supply market and enhance automation and intelligent production management, leading to significant savings in funds originally planned for importing equipment [3] - The wholly-owned subsidiary, Jinghong Precision, has developed core manufacturing capabilities to meet the demand for key components of polishing and thinning equipment, avoiding redundant construction and improving fund utilization efficiency [3] Remaining Fund Arrangement - As of May 31, 2025, the remaining balance of funds from the terminated project is 430.31 million yuan (including interest income and net of bank fees) [4] - These funds will continue to be managed in the original fundraising account, and the company will actively plan and evaluate new investment projects to ensure efficient use of the funds [4] Fundraising Project Postponement - The postponement of the "12-inch integrated circuit large silicon wafer equipment testing experimental line project" is due to the need for extended testing and validation cycles for the equipment, driven by ongoing technological and process innovations [6] - The postponement does not involve changes to the project's implementation entity, investment purpose, or scale, and will not adversely affect the project's execution [6] Project Re-evaluation - The necessity of the project is highlighted by the need to improve testing conditions, enhance R&D and testing capabilities, cultivate talent, and support domestic substitution in the semiconductor industry [7] - The project will help meet high standards in laboratory testing, accelerate the industrialization process, and attract high-quality R&D talent [7] Feasibility of the Project - The feasibility is supported by the company's experienced R&D team, technical reserves, and national policies encouraging technological innovation [8] - The company possesses core technologies and a strong capacity for continuous innovation, backed by supportive national policies [8] Impact on the Company - The termination of certain fundraising projects and the postponement are reasonable adjustments based on the company's actual situation and will not significantly impact normal operations [9] - These changes will enhance the efficiency of fund utilization and optimize resource allocation, aligning with the company's future strategic requirements [9]