CHERVON-AUTO(SH:603982) Zheng Quan Zhi Xing·2025-07-30 16:25Core Viewpoint - The company has decided to postpone the expected completion dates for its fundraising projects due to changes in the macro environment and market demand, while ensuring that the investment purposes, total investment amounts, implementation entities, and methods remain unchanged [5][6][8]. Fundraising Overview - The company was approved to issue up to 60,370,229 shares at a price of RMB 19.76 per share, raising a total of RMB 1,180,640,725.04 after deducting fees, with a net amount of RMB 1,178,141,710.08 available for investment [1][2]. - The net amount was deposited into a special account for fundraising management, with a three-party supervision agreement in place to protect investor rights [2]. Investment Project Details - The total planned investment for the "High-end Automotive Parts Intelligent Manufacturing Project (Phase II)" is RMB 100,273.00 million, and for the "Automotive Parts Intelligent Manufacturing European Production Base Project," it is RMB 43,827.23 million [5]. - The company has adjusted the investment amounts for these projects due to the actual net fundraising being lower than initially planned [3][4]. Postponement Reasons - The postponement of the projects is attributed to changes in the macro environment and market demand, particularly the impact of the Russia-Ukraine situation and the European energy crisis on the European project [5][6]. - The new expected completion dates are set for July 2026 for the "High-end Automotive Parts Intelligent Manufacturing Project (Phase II)" and November 2026 for the "Automotive Parts Intelligent Manufacturing European Production Base Project" [5][6]. Impact of Postponement - The postponement does not involve changes to the investment purposes or amounts and is not expected to adversely affect the company's normal operations or shareholder interests [5][8]. - The company will continue to comply with relevant regulations and monitor project progress closely to ensure timely completion [6][8]. Review Procedures - The board of directors and the supervisory board have both approved the postponement of the fundraising projects, confirming that the decision aligns with regulatory requirements and does not harm the interests of the company or its shareholders [7][8].