Great Shengda(SH:603687) Zheng Quan Zhi Xing·2025-07-07 08:12Core Viewpoint - The company plans to change part of its fundraising investment projects, reallocating unused funds from the "Pulp Molding Environmental Tableware R&D Production Base Project" to a new project, the "Thailand Packaging Carton Production Base Construction Project" to enhance fundraising efficiency and adapt to market conditions [5][12][29]. Meeting Procedures - The shareholders' meeting will maintain order and efficiency, allowing only authorized personnel to enter [1][2]. - Shareholders must present valid identification and documents for registration [2]. - Shareholders have the right to speak, inquire, and vote during the meeting, with specific procedures for raising questions [2][4]. Voting Process - Voting will be conducted through both on-site and online methods, with a reminder service for small investors to ensure participation [3][5]. - The voting period is set for the trading hours on the day of the meeting [5]. Fundraising Project Changes - The company intends to reallocate 17,484.20 million yuan of unused funds from the previous project to the new Thailand project, which aims to establish a production base with an annual capacity of 50 million square meters of corrugated cartons [12][19]. - The original project had a total investment of 55,889.19 million yuan, but due to market conditions, the company decided to halt further investments in the second phase of the project [17][18]. New Project Overview - The Thailand project will involve a total investment of 18,800.00 million yuan, with a focus on local production to meet the growing demand in Southeast Asia [19][21]. - The project aligns with the company's strategy to enhance its presence in the Southeast Asian market, leveraging Thailand's favorable investment policies and geographical advantages [19][22]. Market Demand and Economic Viability - The global paper packaging market is projected to grow at a compound annual growth rate of 5.50% from 2024 to 2029, with significant demand in Southeast Asia driven by e-commerce and manufacturing sectors [24][25]. - The Thailand project is expected to generate annual sales revenue of 25,000 million yuan, with a tax return on investment of 8.28% [27]. Compliance and Risk Management - The company will adhere to local regulations and collaborate with legal firms to navigate the complexities of Thai laws and regulations [28][29]. - A diversified supply chain strategy will be implemented to mitigate risks associated with logistics and local supplier capabilities [28].