JTGROUP(SH:601609) Zheng Quan Zhi Xing·2025-08-11 16:17Core Viewpoint - Ningbo Jintian Copper Industry (Group) Co., Ltd. plans to use part of its idle raised funds amounting to RMB 600 million to temporarily supplement its working capital for a period not exceeding 12 months from the date of board approval [1] Summary by Sections Fundraising Basic Information - The company has been approved by the China Securities Regulatory Commission to issue convertible bonds with a total face value of RMB 1.45 billion, with a net fundraising amount of RMB 1.447 billion after deducting issuance costs [1][2] - The company has established a special account for the raised funds and signed a regulatory agreement with the bank [1] Previous Fund Usage and Return - In August 2024, the company used RMB 768 million of idle funds to temporarily supplement working capital, which has been fully returned to the special account by August 2025 [2] Investment Project Status - The company has changed its original investment project from "Annual production of 80,000 tons of small diameter thin-walled high-efficiency heat dissipation copper tubes" to "Annual production of 80,000 tons of precision copper tubes in Thailand" [2] - The remaining raised funds will be used for the new project, and the timeline for another project has been extended by 24 months to March 2026 [2] Current Fund Usage Plan - The company plans to use RMB 600 million of idle convertible bond funds to temporarily supplement working capital, ensuring that the investment projects continue to receive necessary funding [4][5] Compliance and Approval Process - The plan to use idle funds has been approved by the company's board and supervisory board, complying with relevant regulations [6] - The supervisory board and the sponsor institution have expressed that the plan is beneficial for improving fund efficiency and does not affect the normal progress of investment projects [6]