Zheng Quan Zhi Xing·2025-08-11 16:16Core Viewpoint - The company intends to temporarily use part of the idle raised funds to supplement working capital, ensuring that this does not affect the normal progress of its investment projects and complies with regulatory requirements [1][5][6]. Fundraising Basic Situation - The company was approved to issue convertible bonds totaling RMB 1,450 million, with a net amount of RMB 1,447 million after expenses [1]. - The funds are stored in a dedicated account with regulatory agreements in place [1]. Previous Fund Usage and Return - The company previously used RMB 768 million of idle funds to supplement working capital, which was fully returned to the dedicated account by August 6, 2025 [2]. Investment Project Changes - The original investment project was changed from "Annual production of 80,000 tons of small diameter thin-walled efficient heat dissipation copper tubes" to "Annual production of 80,000 tons of precision copper tubes in Thailand" [2]. - The timeline for the "Annual production of 70,000 tons of precision copper alloy bar 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 for a period not exceeding 12 months [4]. - This usage is strictly for operations related to the company's main business and will not be used for securities investments or other high-risk activities [5]. Approval and Compliance - The plan to use idle funds was approved in the board and supervisory meetings held on August 11, 2025, and complies with relevant regulatory requirements [5][6]. - The sponsor institution has confirmed that the plan will enhance fund efficiency without affecting the investment projects or shareholder interests [5].