GUOANDA CO.(SZ:300902) Zheng Quan Zhi Xing·2025-08-22 12:13Core Viewpoint - The company has decided to terminate the fundraising project for the "Lithium Battery Energy Storage Cabinet Fire Prevention and Inerting Explosion Suppression System Expansion Project" and will continue to manage the remaining raised funds in a dedicated account [1][5][6] Fundraising Overview - The company raised a total of RMB 91.63 million by issuing 2.93 million shares at RMB 31.27 per share, with net proceeds amounting to RMB 86.10 million after deducting underwriting and advisory fees [1][2] - The total investment for the terminated project was RMB 115.35 million, with RMB 84.66 million planned to be funded from the raised capital [3] Project Investment Status - As of August 10, 2025, only RMB 1.99 million had been invested in the project, representing a progress rate of 2.35% [3][4] - The project faced challenges due to declining prices in the energy storage system market, which compressed profit margins and intensified competition [4] Reasons for Termination - The decision to terminate the project was based on external market conditions and the company's assessment of resource allocation efficiency, aiming to optimize the use of raised funds and ensure better investment returns [4][5] Future Fund Management - Remaining funds will be kept in the original dedicated account, and the company plans to seek new projects that align with its existing business and have good market prospects [4][5] Impact on the Company - The termination of the project is not expected to adversely affect the company's normal operations and is seen as a strategic move to enhance overall operational efficiency and safeguard shareholder interests [5][6] Board and Sponsor Review - The board has approved the termination of the project, and the decision will be submitted for approval at the upcoming shareholder meeting [5][6]