LIFERIVER(SH:688317) Zheng Quan Zhi Xing·2025-08-29 17:02Core Viewpoint - The company is changing the use of part of its raised funds from the "In Vitro Diagnostic Reagent Production Line Upgrade Project" to a new project named "Japan Intelligent Manufacturing Project" to enhance its global strategic layout and respond to market changes [1][5][13]. Summary by Sections 1. Project Change Overview - The original project "In Vitro Diagnostic Reagent Production Line Upgrade Project" is being terminated, with 20,000.00 million yuan allocated to the new "Japan Intelligent Manufacturing Project" and 2,291.10 million yuan redirected to the "Product R&D Project" [1][5]. - The new project is expected to have a construction period of 36 months [1]. 2. Fundraising Background - The company raised a total of 210,378.05 million yuan from its initial public offering, with a net amount of 194,232.16 million yuan after deducting issuance costs [2]. - As of June 30, 2025, the balance of the fundraising account for the original project was 22,291.10 million yuan [1][6]. 3. Reasons for Fund Use Change - The change is driven by a contraction in domestic demand for molecular diagnostics and the need to enhance overseas market delivery capabilities [6][7]. - The company aims to leverage Japan's advanced medical market to improve international brand recognition and mitigate risks from international trade barriers [7][9]. 4. New Project Details - The "Japan Intelligent Manufacturing Project" will involve an investment of 20,000.00 million yuan for establishing a smart production line in Japan, including land acquisition and equipment purchase [8]. - The project aims to enhance the company's global competitiveness and operational efficiency by utilizing Japan's high-quality supply chain and talent [9]. 5. Approval and Compliance - The project has received necessary approvals, including the "Overseas Investment Project Filing Notification" and "Enterprise Overseas Investment Certificate" [2][10]. - The company will establish a dedicated fundraising account to ensure proper fund management and compliance with regulations [8][12]. 6. Impact of Fund Use Change - The decision to change the use of funds aligns with the company's strategic planning and market conditions, aiming to optimize resource allocation and enhance operational efficiency [11][13]. - The change is not expected to adversely affect the company's normal operations or shareholder interests [11][13].