Rocoi(SH:603829) Shang Hai Zheng Quan Bao·2026-02-27 20:41Core Viewpoint - Jiangsu Luokai Electromechanical Co., Ltd. has announced the addition of a new implementation location and a delay for its fundraising project related to the manufacturing of new energy and smart distribution network equipment, extending the expected operational date to December 2026 [1][3]. Fundraising Overview - The company issued 4,034,310 convertible bonds at a face value of RMB 100 each, raising a total of RMB 403.431 million, with a net amount of RMB 394.7988 million after deducting issuance costs of RMB 8.6322 million [1][2]. Project Implementation Details - The new implementation location for the project will be at No. 257, Wuyi Road, Lucheng Street, Changzhou Economic Development Zone, where the company plans to relocate production lines for "C-GIS medium voltage circuit breakers" and their accessories to enhance product management and synergy [2][3]. - The project completion date has been postponed from February 2026 to December 2026 due to various uncontrollable factors affecting construction progress, including the need for equipment installation and debugging at the new site [3][4]. Impact of Delay - The decision to add a new implementation location and delay the project is seen as a prudent move to optimize internal resource allocation and improve the efficiency of fundraising utilization, without changing the investment content, total investment amount, or implementation entity [3][4]. Review Procedures - The Audit Committee and the Board of Directors have reviewed and approved the proposal to add a new implementation location and delay the project, confirming that it aligns with the company's operational needs and does not harm shareholder interests [4][6].