Group 1 - The company plans to raise funds through a private placement of A-shares to enhance capital strength and profitability, addressing the funding needs for business development [1][8][27] - The textile industry in China is experiencing steady growth, with government policies promoting high-quality development and technological innovation [2][4][5] - The demand for synthetic leather and composite leather is increasing due to consumer preferences shifting towards environmentally friendly and high-quality products [3][4][5] Group 2 - The company aims to expand production capacity with a project to produce 135,000 tons of DTY yarn and 120,000 tons of high-performance base fabric, which will alleviate production bottlenecks and reduce reliance on suppliers [6][7][8] - The furniture and automotive interior markets are expected to grow significantly, providing stable demand for synthetic leather products [5][6] - The company’s strategic focus aligns with industry trends, enhancing its competitive position and market share [8][27] Group 3 - The issuance of shares is deemed necessary to meet the funding requirements for expanding the company's main business and product structure [8][27] - The company’s capital structure will improve, reducing financial risks and enhancing its ability to withstand market fluctuations [7][8] - The issuance process complies with relevant laws and regulations, ensuring fairness and transparency for all shareholders [12][18][27]