Zheng Quan Zhi Xing·2025-08-04 16:23Core Viewpoint - The company, Suzhou Jinfeng Technology Co., Ltd., has decided to extend the implementation period for its fundraising investment project, specifically the high-performance graphene heat dissipation film production base project, from November 2025 to May 2027 due to market demand and construction progress considerations [3][4][6]. Fundraising Basic Situation - The company has received approval from the China Securities Regulatory Commission to issue 205 million shares at a price of 3.60 RMB per share, raising a total of 738 million RMB, with a net amount of approximately 724.76 million RMB after deducting issuance costs [3][4]. Fundraising Investment Project Details - The raised funds are allocated for the construction of the high-performance graphene heat dissipation film production base and to supplement working capital, with the project being implemented by the company's subsidiary in Jiangsu Province [3][4]. Extension of Implementation Period - The company plans to extend the project completion date to May 2027 to ensure shareholder interests and improve the efficiency of fund usage, as the market demand for the graphene heat dissipation film has not met expectations due to various global economic challenges [4][5][6]. Current Fund Status - As of June 30, 2025, the company has 339.69 million RMB remaining in raised funds, with 109.69 million RMB in dedicated accounts and 230 million RMB temporarily used to supplement working capital [5][6]. Measures for Project Completion - The company will adhere to relevant regulations and enhance internal and external supervision of fund usage, ensuring that the project progresses in an orderly manner while optimizing resource allocation [6][7]. Impact on the Company - The extension of the project timeline does not alter the investment direction or project content, aligning with the company's strategic development and ensuring the scientific implementation of the project [7][8]. Decision-Making Process - The board of directors and the supervisory board have approved the extension of the project implementation period, and the decision complies with regulatory requirements, ensuring no harm to the interests of the company and minority shareholders [8][9].