Core Viewpoint - Zhejiang Caidiye Industrial Co., Ltd. has announced a delay in the completion date of its fundraising project, specifically the "Annual Production of 62,000 Tons of High-end Functional Green Environmental Protection Textile Fabric Technological Transformation and Relocation Project," which is now expected to be completed by the end of March 2026 [1][5]. Fundraising Overview - The company raised a total of RMB 575.65 million by issuing 29 million shares at a price of RMB 19.85 per share, with a net amount of RMB 496.35 million after deducting underwriting and other fees [1][42]. - The funds are stored in a dedicated account, and the company has signed a tripartite supervision agreement with its sponsor and the bank [1][43]. Fundraising Project Details - The project aims to improve product structure and increase profitability by adjusting the processing of 5,500 tons of polyester/spandex fabric to 5,500 tons of nylon/spandex fabric [2][5]. - The project completion date was initially set for December 2025 but has been postponed to March 2026 due to construction delays [5][6]. Delay Reasons - The delay is attributed to the need for reconstruction of the dyeing workshop to meet industrial building requirements, which has been impacted by objective factors leading to a delay of approximately one to two months [6]. - The company emphasizes that the delay does not change the project’s implementation subject, fundraising purpose, or investment scale [9]. Measures for Timely Completion - The company will enhance supervision of the project’s construction progress and optimize resource allocation to ensure the project is completed on time [7]. Impact of Delay - The delay is considered a prudent decision based on the project's actual situation and is not expected to adversely affect the company's normal operations or the substantive progress of the project [9]. Board Meeting and Approval - The board of directors approved the delay in a meeting held on December 24, 2025, and the sponsor provided a clear verification opinion on the matter [10][15].
浙江彩蝶实业股份有限公司关于募投项目延期的公告