英科再生资源股份有限公司 关于变更部分募投项目暨调整相关募投项目资产用途的公告

Core Viewpoint - The company is changing its fundraising project from a "100,000 tons/year multi-category plastic bottle high-quality recycling project" to a "5 million m2 new decorative building materials project" to enhance asset efficiency and profitability [2][16][31]. Fundraising Project Overview - Original fundraising project: "100,000 tons/year multi-category plastic bottle high-quality recycling project" with a total investment of approximately 800 million RMB and intended fundraising of 400 million RMB [2][7]. - New fundraising project: "5 million m2 new decorative building materials project" with a total investment of 150 million RMB and intended fundraising of 142.6384 million RMB [2][8]. - The amount of fundraising redirected: 142.6384 million RMB, accounting for 21.72% of the net fundraising amount from the initial public offering [2][16]. Project Implementation and Timeline - The new project is expected to commence production and generate revenue by December 2026 [3][19]. Reasons for Change - The change aims to improve fundraising efficiency and align with market demands, as decorative building materials offer higher profit margins compared to intermediate products like PET [16][24]. - The company has been a leader in the recycling industry for over 20 years and seeks to optimize its production capacity and meet international customer needs [16][17]. New Project Details - The new project will be implemented by the company's wholly-owned subsidiary, Shandong Yinglang Environmental Technology Co., Ltd., located in Zibo, Shandong Province [18]. - The project will involve leasing a factory of approximately 20,000 m2 and purchasing six extrusion production lines and two cutting and grooving lines [18][19]. Market Trends and Demand - The project aligns with structural changes in the decorative materials market, driven by consumer preferences for eco-friendly and easy-to-install products [20][21]. - The new decorative materials are designed to meet stringent environmental regulations in Europe and the U.S., enhancing their marketability [22][23]. Economic Benefits - Upon reaching full production, the new project is expected to generate an annual output value of 200 million RMB [26].