JSSMDL(SH:603530) Zheng Quan Zhi Xing·2025-08-12 11:14Core Viewpoint - The company plans to adjust the investment construction progress of certain fundraising projects, specifically postponing the expected operational date of the "Composite External Insulation Product Expansion Project (Phase I)" from August 2025 to December 31, 2025, and will conclude the "Digital Factory Construction Project for Composite Crossarms" [1][2][13]. Fundraising Project Adjustments - The company will transfer the surplus fundraising amount of 11.894 million yuan (after deducting bank fees) to the "Composite External Insulation Product Expansion Project (Phase I)" [1][11]. - The total amount raised from the non-public offering in 2020 was approximately 424 million yuan, with a net amount of about 418 million yuan after deducting issuance costs [2][4]. Project Status and Financial Management - As of July 31, 2025, the "Composite External Insulation Product Expansion Project (Phase I)" has completed the process route verification and design, equipment selection, and partial equipment procurement and installation [8][9]. - The company has effectively managed idle fundraising by investing in financial products, generating additional income [11][12]. Board Decisions and Compliance - The adjustments were approved in the board meeting held on August 12, 2025, and do not require shareholder approval as they do not alter the project implementation entity, fundraising purposes, or investment scale [12][13]. - The sponsor, Huatai United Securities, has confirmed that the adjustments comply with relevant regulations and will not adversely affect the company's operations or shareholder interests [12][14].