Grace(SH:603256) Shang Hai Zheng Quan Bao·2026-02-13 17:25Group 1 - The company plans to increase capital for its wholly-owned subsidiary, Huangshi Honghe, by 720 million RMB using funds raised from a specific stock issuance [2][5][8] - After the capital increase, Huangshi Honghe's registered capital will rise from 1 billion RMB to 1.72 billion RMB, maintaining 100% ownership by the company [2][4] - The capital increase is not classified as a related party transaction or a major asset restructuring and has been approved by the company's board of directors without needing shareholder approval [2][8] Group 2 - The total amount raised from the stock issuance is approximately 994.61 million RMB, with a net amount of about 981.46 million RMB after deducting issuance costs [2][15] - The funds will be used for projects including the construction of high-performance glass fiber production lines and a research center for high-performance specialty glass fibers [5][6] - The company has established a special account for the management of the raised funds, ensuring compliance with regulatory requirements [6][44] Group 3 - The company has also proposed to replace 474.06 million RMB of self-raised funds used for investment projects and issuance costs with the raised funds, in accordance with regulations [14][18] - The board of directors approved the use of idle raised funds for cash management, allowing for investment in safe, liquid financial products [61][72] - The cash management plan aims to enhance the efficiency of fund usage and increase returns for shareholders without affecting the main business or project implementation [72]