Shang Hai Zheng Quan Bao·2026-01-22 19:37Core Viewpoint - The company has announced a delay in the completion date of the Cultural Technology Park project to December 31, 2026, while maintaining the project's investment scale and funding usage unchanged [2][11]. Group 1: Project Delay Details - The Cultural Technology Park project will now reach its intended usable state by December 31, 2026, due to construction delays caused by discrepancies in the geological survey and the need for additional engineering work [2][11][12]. - The project has already utilized 13,396.26 million RMB of the raised funds, with 27,603.74 million RMB remaining [12]. Group 2: Fundraising and Usage - The company raised a total of 117,079 million RMB through a non-public offering of 173,965,824 shares at 6.73 RMB per share, with a net amount of 114,118.52 million RMB after deducting fees [3]. - As of June 30, 2025, the company has used 64,730.44 million RMB of the raised funds, including 40,014.65 million RMB for project investments and 24,715.79 million RMB for working capital [4][10]. Group 3: Project Management and Oversight - The company will enhance project supervision and management to ensure timely completion, including increasing manpower and resources, optimizing construction schedules, and maintaining regular reporting mechanisms [13]. - The company has received a favorable review from its sponsor, Guotai Junan Securities, confirming that the delay does not harm the interests of the company or its shareholders [16].