明冠新材料股份有限公司关于定增募集资金投资项目之“明冠锂膜公司年产2亿平米铝塑膜建设项目”延期的公告

Group 1 - The company announced a delay in the "Annual Production of 200 Million Square Meters of Aluminum-Plastic Film Construction Project" to December 31, 2027, without changing the investment content, total investment, or implementation subject of the project [1][6][11] - The total amount raised from the issuance of shares was approximately RMB 1.68 billion, with a net amount of approximately RMB 1.66 billion after deducting issuance costs [1][23] - The company plans to implement the project in phases to avoid overcapacity and improve the efficiency of fund usage during the delay period [6][7] Group 2 - The company has upgraded its existing production line capacity from 10 million square meters to 30 million square meters, which is expected to meet customer order demands for 2025-2026 [7][9] - The aluminum-plastic film market is projected to exceed 300 million square meters in 2025, with domestic market share around 45%, indicating significant growth potential [7][8] - The project is deemed necessary and feasible as it aligns with the company's strategic planning and the growing demand for soft-pack batteries, which require aluminum-plastic films [8][9] Group 3 - The company is applying for a total bank credit limit of up to RMB 1.3 billion for 2026 to support its operational needs [12][13] - The credit will be used for various financing purposes, including commercial acceptance bills and supply chain financing, with a loan interest rate not exceeding 100 basis points above the LPR [12][13] - The credit limit is valid from December 2025 to December 2026 and can be used cyclically [14] Group 4 - The company plans to use up to RMB 930 million of temporarily idle funds from the share issuance for cash management, ensuring it does not affect the normal implementation of the investment project [18][20] - The cash management will involve investing in low-risk, liquid principal-protected financial products [18][20] - The company aims to enhance the efficiency of fund usage and increase shareholder returns through this cash management strategy [20][32] Group 5 - The company intends to use up to RMB 200 million of idle funds to temporarily supplement working capital, with a usage period of up to 12 months [39][45] - This temporary fund usage will not affect the ongoing investment projects and will be strictly regulated through a special account [39][40] - The company has established a three-party supervision agreement for the management of these funds to ensure compliance with regulations [40][41]