Zheng Quan Zhi Xing·2025-07-22 10:19Core Viewpoint - The company has decided to extend the construction completion period of its "Annual Production of 800,000 Tons of Battery Foil and Supporting Raw Materials Project" from August 2025 to December 2027 due to changes in funding arrangements and project implementation progress [5][7]. Fundraising Basic Situation - The company was approved to issue convertible bonds amounting to 1,254 million yuan, with a face value of 100 yuan per bond, totaling 125.4 million yuan [1]. - The funds raised have been fully received and are managed in a dedicated account as per regulatory requirements [2]. Fund Usage Situation - As of June 30, 2025, the company has terminated two projects and redirected all remaining funds to the battery foil project [2]. - The total investment for the battery foil project is 1.9 billion yuan, which was initially planned to be funded through a specific stock issuance [5]. Reasons for Project Delay - The delay in the battery foil project is attributed to the company's decision to withdraw its application for a specific stock issuance, which affected the overall funding arrangement [5]. - The company has proposed the extension of the project completion date to accommodate these changes while maintaining the project's essential content and funding purposes [5][7]. Measures to Ensure Timely Completion - The company will adhere to regulatory requirements and enhance supervision over the use of raised funds to ensure their legality and effectiveness [5][6]. - The company plans to closely monitor project progress and optimize resource allocation to facilitate timely completion [6]. Impact of Project Adjustment on Operations - The project delay is deemed a prudent decision based on objective circumstances and will not adversely affect the company's operations or shareholder interests [6][7]. - The adjustment aligns with the company's strategic development plan and aims to improve the efficiency of fund usage and future returns [6]. Review Procedures for Project Delay - The project delay was approved by the company's board and supervisory committee, confirming that necessary decision-making procedures were followed [7].