Zheng Quan Zhi Xing·2025-08-08 16:24Core Viewpoint - The company is using its own funds to increase the investment amount for a specific project and adjust the internal investment structure, while also delaying the project timeline to ensure effective implementation and quality of the investment [1][6][7]. Fundraising Overview - The company successfully raised a total of RMB 3,255,615,848.10 through its initial public offering, with each share priced at RMB 9.87, and all funds have been received [1][3]. - The funds are managed in a dedicated account to ensure they are used specifically for the intended projects [3]. Investment Project Details - The raised funds will be allocated to projects aligned with the company's main business, with a total planned investment of RMB 354,975.87 million [3]. - The company plans to use its own funds to increase the investment in the Beijing Guanggang Electronic Ultra-Pure Gas Station project due to changes in actual construction needs, raising the total investment from RMB 62,968.88 million to RMB 76,284.30 million [4][5]. Project Adjustment Reasons - The adjustment in investment and project timeline is a response to changes in the construction situation of the Beijing Guanggang Electronic Ultra-Pure Gas Station project, aimed at meeting actual construction demands [4][5]. - The project timeline for reaching the predetermined usable state has been extended from the end of December 2025 to the end of July 2026 [6]. Approval Process - The board of directors approved the use of self-funds for the project increase and adjustments during a meeting on August 8, 2025 [6]. - The supervisory board also agreed that the adjustments do not change the project implementation subject, location, or funding purposes, ensuring compliance with regulations [6][7]. Sponsor's Review - The sponsor, Guotai Junan Securities, confirmed that the adjustments have been approved by the necessary corporate governance bodies and comply with relevant regulations [6][7].