安宁股份：部分募集资金投资项目延期

Core Viewpoint - The company has announced a delay in the completion of its "60,000 tons per year energy-grade titanium (alloy) materials full industry chain project" from December 31, 2025, to June 30, 2026, due to various construction challenges and equipment supply issues [1] Group 1: Project Details - The total planned investment for the project is 7.2 billion yuan, with 1.704 billion yuan to be raised through a private placement of shares [1] - The funds will primarily be used for the construction of titanium slag production, titanium tetrachloride production, and supporting public works [1] - The delay is attributed to the complexity of the overall construction, large engineering volume, optimization of design plans, and longer supply cycles for customized equipment [1] Group 2: Impact of Delay - The company expects that all production stages using the raised funds will reach a usable state and enter trial production by June 30, 2026 [1] - The titanium ingot production stage is anticipated to be completed by the end of 2026 due to the installation of the EB furnace, but outsourcing processing will be utilized to mitigate any significant impact on project production [1] - The delay does not alter the project implementation entity, method, use of raised funds, or investment scale, and it does not harm shareholder interests or adversely affect the company's operations and overall fundraising arrangements [1]