Wenzhou Yihua (SZ:002897) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-02-09 22:48Core Viewpoint - Wenzhou Yihua Connector Co., Ltd. has decided to postpone the completion date of the "Luqing Photovoltaic Bracket Core Component Production Base Construction Project" to December 2026, while maintaining the investment scale and purpose unchanged [6][12]. Group 1: Board Meeting Decisions - The fifth board meeting was held on February 9, 2026, with all 9 directors present, and the decision to postpone certain fundraising projects was unanimously approved [1][14]. - The postponement of the project is based on a careful assessment of the actual construction progress and aims to enhance the quality of the project [11][12]. Group 2: Fundraising and Investment Details - The company has raised a total of approximately RMB 533.32 million through the issuance of 16,567,996 shares at a price of RMB 32.19 per share, with a net amount of RMB 520.81 million after deducting related fees [7]. - The funds raised are allocated for the construction of the Luqing Photovoltaic Bracket Core Component Production Base and related R&D projects [8]. Group 3: Project Postponement Reasons - The postponement is attributed to weak infrastructure conditions surrounding the project site, leading to slower-than-expected progress [11]. - The decision to extend the project timeline is made to ensure better resource allocation and project quality, without affecting the company's current operations [12]. Group 4: Compliance and Approval Procedures - The postponement decision has followed necessary approval procedures and complies with relevant regulations from the China Securities Regulatory Commission and the Shenzhen Stock Exchange [14][15]. - The company has received no objections from the sponsor regarding the postponement of the fundraising projects [15].