Zheng Quan Zhi Xing·2025-07-29 16:09Core Viewpoint - The company has decided to re-evaluate and temporarily suspend certain fundraising investment projects due to the actual net fundraising amount being lower than initially planned, aiming to enhance the efficiency of fund utilization [1][2][6] Fundraising Overview - The company raised a total of RMB 746 million by issuing 40 million shares at RMB 18.65 each, with a net amount of RMB 663.45 million after deducting issuance costs of RMB 82.55 million [1][2] - The funds are stored in a dedicated account to ensure they are used specifically for their intended purposes, in compliance with regulatory requirements [2] Adjustments to Investment Projects - The company held board and supervisory meetings on August 2, 2024, to approve adjustments to the planned investment amounts for fundraising projects, reflecting the need to optimize fund usage [2][3] - The total investment amount for the projects was adjusted from RMB 177.80 million to RMB 176.80 million, with the net fundraising amount remaining at RMB 66.35 million [3] Changes and Actual Use of Funds - The company plans to change the investment plan for the project aimed at producing 7,000 tons of dibenzoylmethane (DBM) through technological upgrades and expansion [4][5] - The actual use of funds will be reported in a special report, ensuring transparency and compliance with regulations [4] Re-evaluation and Suspension of Projects - The DBM project has been on hold for over a year, necessitating a re-evaluation of its feasibility and expected returns [5][6] - The company has determined that the current production line can meet demand, and it is not the optimal time to invest in the DBM project, leading to its temporary suspension [6][7] Impact on Operations - The decision to suspend the project is based on a careful assessment of market demand and operational conditions, and it is not expected to adversely affect current operations [6][7] - The suspension is seen as beneficial for long-term development and resource allocation, enhancing the efficiency of fund usage [6][7] Review Procedures - The decision to suspend the project was approved through necessary board meetings, ensuring compliance with regulatory frameworks [7][8]