FLAC(SZ:002536) Ju Chao Zi Xun·2025-10-22 02:51Core Viewpoint - The company announced an adjustment to the implementation subject and location of part of its fundraising projects to better align with the development needs of its new energy business and improve the efficiency of fund utilization [2][5]. Group 1: Project Adjustments - The implementation subject for the "Annual Production of 6 Million New Energy Electronic Water Pumps" project will be changed from wholly-owned subsidiary Henan Feilong (Wuhu) Auto Parts Co., Ltd. to another wholly-owned subsidiary, Anhui Hangyi Technology Co., Ltd. [2] - The new implementation location will be in Wuhu City, Anhui Province, specifically at 259 Guandoumen Road, Jiujiang Economic Development Zone [2]. - The asset value involved in this adjustment is approximately 16.7141 million yuan, and both parties have signed an Asset Transfer Agreement [2]. Group 2: Fundraising and Investment Progress - The total amount raised through the issuance of A-shares was approximately 780 million yuan, with a net amount of about 769 million yuan after deducting issuance costs [3]. - As of June 30, 2025, the overall progress of fundraising investment is smooth, with the "Annual Production of 6 Million New Energy Electronic Water Pumps" project having a committed investment of 286 million yuan and a cumulative investment of 178 million yuan, representing 62.41% of the total [4]. - The "Annual Production of 5.6 Million New Energy Thermal Management Components" project has a committed investment of 271 million yuan, with a cumulative investment of 132 million yuan, accounting for 48.61% [4]. - The total investment across three projects amounts to 522 million yuan, with an overall investment ratio of 67.87% [4]. Group 3: Cash Management and Future Outlook - The company has approved a new round of cash management proposals, intending to use no more than 220 million yuan of temporarily idle fundraising and up to 300 million yuan of idle self-owned funds to enhance fund utilization efficiency [5]. - The adjustments made are seen as a prudent decision by the company, aligning with industry development and project implementation realities, and are expected to optimize resource allocation and foster new business growth points [5].