Zheng Quan Zhi Xing·2025-08-27 10:29Core Viewpoint - The company, Jilin Zhongyan High Polymer Materials Co., Ltd., has announced delays in certain fundraising investment projects and changes in the implementation methods of these projects, which are deemed necessary for better alignment with the company's development requirements and market conditions [1][4]. Fundraising Overview - The company raised a total of RMB 902.26 million through the issuance of 30,420,000 shares at a price of RMB 29.66 per share, with a net amount of RMB 799.71 million after deducting issuance costs [1][2]. Investment Project Details - The total investment for the "Annual Production of 5,000 Tons of PEEK Deep Processing Series Products Comprehensive Plant (Phase II)" project is RMB 526.55 million, with RMB 455.10 million allocated from the raised funds [2][3]. Project Delays and Reasons - The projects experiencing delays include the "Annual Production of 5,000 Tons of PEEK Deep Processing Series Products Comprehensive Plant (Phase II)" and the "Innovation and Technology R&D Center Project," with the expected completion date postponed to September 2026 [4][5]. - The delays are attributed to the need for dynamic adjustments in equipment selection and installation based on market conditions, as well as ensuring that the projects meet the company's development needs [4][5]. Measures for Project Completion - The company plans to closely monitor policy and market changes, enhance internal and external supervision of fundraising usage, and ensure that funds are used effectively according to project progress [5][6]. Project Necessity and Feasibility - The projects are considered necessary for enhancing production capacity and technological capabilities, aiming to close the gap with international competitors in the PEEK industry [6][7]. - The construction aligns with national industrial policies and has a solid customer base in high-end sectors, ensuring the feasibility of the projects [7][8]. Changes in Implementation Methods - The implementation method for the "Shanghai Carbon Fiber PEEK Composite Material R&D Center Project" has been changed from providing loans to increasing capital in the project entity, which is expected to improve the efficiency of fund usage [12][13]. Approval Process - The board of directors and the supervisory board have approved the changes and delays, confirming that these decisions align with relevant regulations and will not adversely affect the company's operations or shareholder interests [14][15].