Group 1 - The company, Shaoxing Xingxin New Materials Co., Ltd., successfully raised a total of RMB 902 million through its initial public offering, with a net amount of RMB 809.59 million after deducting issuance costs [2][3] - The company plans to use the raised funds for various investment projects, including a new project for expanding production capacity [3][4] - The company has completed the construction and production of 10,000 tons of environmentally friendly solvent products and 1,000 tons of polyurethane foaming agents as part of its investment projects [5][6] Group 2 - The company is in the process of upgrading production processes for remaining projects, which requires re-approval of administrative procedures, but this will not significantly impact its operations or the planned use of raised funds [6][7] - The company aims to enhance its production capacity and technological level through these upgrades, aligning with its long-term strategic goals [7]
绍兴兴欣新材料股份有限公司关于部分募集资金投资项目进展的公告