华东建筑集团股份有限公司关于部分募集资金投资项目终止的公告

Core Viewpoint - The company has decided to terminate the "National Key Regional Localization Branch Construction Project" and will retain the unused funds of 35,141.68 million yuan for future investment opportunities, pending shareholder approval [1][7][15]. Fundraising Overview - The company raised a total of 947,012,897.94 yuan through a private placement of 153,238,333 shares at a price of 6.18 yuan per share, with a net amount of 941,078,384.88 yuan after deducting issuance costs [1][2]. - The funds have been deposited in a dedicated account, and the company has established a three-party or four-party supervision agreement with relevant banks [2]. Changes in Fund Usage - The original plan for the "National Key Regional Localization Branch Construction Project" involved a total investment of 81,809.59 million yuan, with 46,323.29 million yuan allocated from the raised funds [3]. - The project scope was expanded from 10 to 15 cities, but the allocated funds remained the same [3]. - In 2023, the company decided to reallocate 10,800 million yuan of the funds for the acquisition of 100% equity in Shanghai Housing Quality Testing Station Co., Ltd. [4][6]. Project Termination Details - The "National Key Regional Localization Branch Construction Project" was planned for investment in 15 cities, with a total intended investment of 35,523.29 million yuan [8][10]. - As of September 30, 2025, only 381.61 million yuan had been invested, resulting in a cumulative investment rate of 1.07% [12][13]. - The decision to terminate the project was influenced by significant changes in the macroeconomic environment and the real estate sector, which saw a decline in investment [14][15]. Impact of Termination - The termination of the project is deemed a prudent decision that aligns with the company's operational needs and will not adversely affect its core business or financial status [16]. - The company plans to utilize its resources and self-funding for national business promotion and sustainable development [16]. Approval Process - The termination proposal was approved by the company's board of directors and will be submitted for shareholder approval [21].

华东建筑集团股份有限公司关于部分募集资金投资项目终止的公告 - Reportify