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瑞华泰: 瑞华泰关于继续使用部分募集资金向全资子公司提供借款以实施募投项目的公告

Core Viewpoint - Shenzhen Ruihua Tai Film Technology Co., Ltd. plans to continue using part of the raised funds to provide loans to its wholly-owned subsidiary, Jiaxing Ruihua Tai Film Technology Co., Ltd., for the implementation of the "Jiaxing High-Performance Polyimide Film Project" [1][2][8] Fundraising Overview - The company issued 4.3 million convertible bonds at a face value of RMB 100 each, raising a total of RMB 430 million, with a net amount of RMB 422.5844 million after deducting issuance costs of RMB 7.4156 million [1][2] - The funds are allocated as follows: RMB 330 million for the Jiaxing High-Performance Polyimide Film Project and RMB 92.5844 million for working capital and bank loan repayment [2] Loan Details - The company intends to provide a loan of up to RMB 330 million to Jiaxing Ruihua Tai, with a loan term of 3 years, which can be repaid early or extended [1][3] - The interest rate for the loan will be the actual interest rate of the convertible bonds issued, and if the bonds convert to common stock, the corresponding loan interest will cease [1][4] Project Status - The Jiaxing High-Performance Polyimide Film Project is currently in the capacity ramp-up phase, with production efficiency gradually improving, but it has not yet achieved profitability [3][4] Financial Data of Jiaxing Ruihua Tai - As of June 30, 2025, Jiaxing Ruihua Tai reported total assets of RMB 1.738 billion and net assets of RMB 440.352 million, with a net loss of RMB 23.8357 million for the first half of 2025 [5] Purpose and Impact of the Loan - The loan aims to ensure the smooth implementation of the fundraising project, aligning with the fundraising plan and not altering the intended use of funds [6] - The company maintains control over Jiaxing Ruihua Tai, making the financial risk of the loan manageable [6] Fund Management - The raised funds will be stored in a dedicated account, with a tripartite/four-party supervision agreement signed among the company, Jiaxing Ruihua Tai, the sponsor, and the bank [6][8] Approval Process - The board of directors approved the loan proposal on August 21, 2025, confirming compliance with necessary procedures [6][8]