Novoray(SH:688300) Sou Hu Cai Jing·2025-09-27 20:44Core Viewpoint - Lianrui New Materials (688300) has adjusted its convertible bond issuance plan, reducing the total fundraising amount from no more than 720 million yuan to no more than 695 million yuan, which is aimed at enhancing its core competitiveness and does not harm shareholder interests [1][2][3] Company Announcement Summary - The company held its 15th meeting of the 4th Board of Directors on September 26, 2025, where it approved the adjustment of the convertible bond issuance plan [1][2] - The adjusted fundraising will be allocated to projects including 255 million yuan for high-performance high-speed substrate ultra-pure spherical powder materials and 240 million yuan for high thermal conductivity high-purity spherical powder materials, with 200 million yuan set aside for working capital [1][3] - The issuance of the convertible bonds is expected to be completed by the end of December 2025 and has been approved by the Board of Directors without the need for a shareholders' meeting [3] Project Implementation - The implementation of the fundraising projects will add an annual production capacity of 3,600 tons of ultra-pure spherical silica and 16,000 tons of high thermal conductivity spherical alumina, with construction periods of 36 months and 18 months respectively [2] - All projects have received the necessary approvals for filing and environmental impact assessments [2] - Independent directors believe that the proposals comply with laws and regulations and are beneficial for enhancing the company's core competitiveness [2]