Caitong Securities(SH:601108) Zheng Quan Zhi Xing·2025-08-24 16:13Core Viewpoint - The company, Zhejiang Siling Automotive Bearing Co., Ltd., has announced a delay in the completion of certain fundraising projects due to external factors affecting the construction timeline, while maintaining the original investment purposes and scales [1][4][6]. Fundraising Overview - The company raised a total of RMB 1,032.90 million by issuing 27,500,000 shares at a price of RMB 37.56 per share, with a net amount of RMB 926.55 million after deducting issuance costs of RMB 106.35 million [1][2]. - As of June 30, 2025, the company has utilized RMB 514.06 million of the raised funds, leaving a balance of RMB 440.84 million [2][4]. Project Delay Details - The company has adjusted the expected completion dates for the "Annual Production of 6.29 Million High-end Automotive Bearings Intelligent Construction Project" and the "Siling Technology R&D Center Upgrade Project" to September 2026 due to delays in preliminary preparations and administrative approvals [4][5]. - The delay is solely related to site construction and does not affect the project’s implementation subjects, investment purposes, or scales [4][6]. Impact of Delay - The delay is a cautious decision based on the actual situation of the fundraising projects and is not expected to have a significant adverse impact on the company's normal operations or long-term development plans [4][5][6]. Review Procedures - The company's board of directors and supervisory board have approved the delay, confirming that it aligns with legal regulations and does not harm shareholder interests [5][6].