Zheng Quan Zhi Xing·2025-08-12 16:14Summary of Key Points Core Viewpoint - Zhejiang Tiantie Technology Co., Ltd. has decided to terminate certain fundraising investment projects and permanently supplement the remaining raised funds into working capital, aiming to optimize resource allocation and enhance operational capabilities [1][9]. Fundraising Basic Situation - The company raised a total of 810 million yuan by issuing 48,854,041 shares at a price of 16.58 yuan per share, with a net amount of approximately 798.47 million yuan after deducting issuance costs [1][2]. Fundraising Usage Status - As of July 31, 2025, the remaining balance of the raised funds is approximately 324.93 million yuan, which includes bank interest and investment income [3][4]. Termination of Investment Projects - The projects being terminated include the construction of a production line for rubber vibration damping pads (investment total of 568.23 million yuan) and a production line for rail waveguide vibration absorbers (investment total of 87.36 million yuan) [3][4][6]. - The company has invested approximately 248.73 million yuan in the rubber damping pads project and 25.51 million yuan in the rail vibration absorbers project as of July 31, 2025 [3][4]. Reasons for Project Termination - The decision to terminate these projects is based on the assessment of industry development and existing production capacity, with concerns that the investment returns may not meet expectations [6][7]. Impact of Termination on the Company - The termination of these projects is expected to lower investment risks and will not adversely affect the company's main business operations. The remaining funds will be used for daily operational activities [6][7][8]. Review Procedures - The board of directors and the supervisory board have approved the termination of the projects and the reallocation of funds, which will be submitted for shareholder approval [7][8].