Zheng Quan Zhi Xing·2025-08-21 12:13Core Viewpoint - The company is undergoing changes in the construction content and total investment of certain fundraising projects, specifically the "23GWh cylindrical lithium iron phosphate energy storage battery project," to enhance fundraising efficiency and meet market demands [1][3][5]. Summary by Sections Overview of Changes in Fundraising Purpose - The company has received approval from the China Securities Regulatory Commission to issue 50 million convertible bonds with a total fundraising amount of RMB 5 billion, netting approximately RMB 4.97 billion after deducting issuance costs [1]. Fundraising Plan and Usage Status - As of June 30, 2025, the total investment for the power battery project is RMB 547,379.00 million, with cumulative investment of RMB 201,504.09 million, of which RMB 193,309.23 million is from the raised funds [2]. Reasons for Project Changes - The changes are driven by the rapid growth in global demand for new energy vehicles, with a 34.3% year-on-year increase in sales in the first half of 2025, necessitating adjustments to meet delivery pressures and improve fundraising efficiency [3][4]. Overview of Changed Project Details - The project will now include both cylindrical and square lithium iron phosphate battery production lines, with adjusted capacities of 11.5GWh and 14.5GWh respectively. The total investment has increased to RMB 579,615.50 million, while the use of raised funds and project duration remain unchanged [4][5]. Impact of Changes on the Company - The adjustments are deemed beneficial for the company's development and do not harm shareholder interests. The company will ensure compliance with relevant regulations and enhance supervision over the use of raised funds [5][6]. Opinions from Independent Directors and Board - The board has approved the changes, and independent directors have confirmed that the adjustments align with the company's operational needs and future development plans, ensuring no detriment to shareholder interests [6][7].