Zheng Quan Zhi Xing·2025-08-26 09:21Core Viewpoint - The company has decided to postpone the expected completion date of its "Annual Production of 1.5 Million Green Ultra-Light Aluminum Alloy Wheels Smart Production Line Project" from June 30, 2025, to December 31, 2025, due to adjustments in production processes and equipment to enhance energy efficiency and automation [1][5][6]. Fundraising Overview - The company raised a total of RMB 309,999,988.14 through the issuance of 17,203,107 shares at a price of RMB 18.02 per share, with a net amount of RMB 294,031,310.98 after deducting related expenses [1][2]. - The total investment for the aluminum wheel project is RMB 190 million, with RMB 101.12 million sourced from the raised funds and RMB 39.88 million from self-raised funds [4][5]. Fund Usage Status - As of June 30, 2025, the company has utilized all raised funds, and the special account for these funds has been closed [2][4]. - The project aims to leverage local resources and enhance the company's competitiveness in lightweight components for new energy vehicles [5]. Project Delay Explanation - The delay is attributed to the need for adjustments in production technology and layout to improve energy efficiency and automation, which has led to discrepancies between planned and actual progress [5][6]. - The company assures that the delay will not affect the project's implementation quality or the intended use of the raised funds [5][6]. Impact of Delay - The postponement is deemed a prudent decision based on the project's actual construction status and will not adversely affect the company's normal operations or shareholder interests [5][6][7]. - Both the board and supervisory committee have approved the delay, confirming that it aligns with the company's strategic development and does not harm shareholder interests [6][7].