Suqian Unitech (SH:603065) Shang Hai Zheng Quan Bao·2025-11-20 18:56Core Viewpoint - The company has decided to postpone the completion date of its fundraising project from December 2025 to December 2026 due to market conditions and project implementation status, while maintaining the investment amount and purpose unchanged [1][4][7]. Fundraising Basic Information - The company raised a total of RMB 538.415 million through its initial public offering, with a net amount of RMB 466.627 million after deducting issuance costs [1]. - The funds have been fully received and are stored in a dedicated account as per regulatory requirements [1]. Fundraising Project and Usage - As of September 30, 2025, the company has made progress on its fundraising projects, with the first phase nearly completed and operational, while the second phase is still under construction [2][4]. - The first phase involves the production of light stabilizers and intermediates, while the second phase focuses on producing the main intermediate, dimethyl sebacate [4]. Reasons for Postponement - The postponement is attributed to various factors, including macroeconomic conditions, supply chain disruptions, and intensified market competition, which have delayed project progress [2][3][4]. - The company has previously postponed the project completion date due to similar reasons, with the latest adjustment being the third postponement [10]. Measures to Ensure Completion - The company plans to closely monitor market conditions and raw material prices, enhance project management, and ensure effective use of funds to meet the new timeline [6][7]. Impact on Company Operations - The postponement is not expected to materially affect the project's implementation or the company's normal operations, aligning with long-term development goals and shareholder interests [7][10]. Approval Process - The board of directors approved the postponement during a meeting on November 19, 2025, and the decision does not require shareholder approval [8][18].