Core Viewpoint - Shanghai Beite Technology Group Co., Ltd. has successfully completed the issuance of A-shares to specific investors for the year 2025, raising approximately RMB 300 million, with net proceeds amounting to approximately RMB 293.84 million after deducting issuance costs [4]. Group 1: Issuance Details - The company issued a total of 7,980,845 shares at a price of RMB 37.59 per share, resulting in a total fundraising amount of RMB 299,999,963.55 [4]. - The net proceeds from the fundraising, after deducting issuance expenses of RMB 6,160,704.11, amounted to RMB 293,839,259.44 [4]. - The funds were fully received by January 14, 2026, and the accounting firm Zhonghui CPA has verified the receipt of these funds [4]. Group 2: Fund Management and Supervision - The company has established a special account for the management and storage of the raised funds, in compliance with relevant regulations [5][6]. - A tripartite supervision agreement has been signed between the company, the sponsor China Galaxy Securities, and the bank where the special account is held, ensuring oversight of the fund's usage [6][12]. - The special account for the funds related to the Thailand screw production base project has a balance of RMB 295.80 million as of January 14, 2026, and is strictly designated for this project [7][12]. Group 3: Regulatory Compliance - The company is required to comply with various laws and regulations, including the Securities Issuance and Listing Sponsorship Business Management Measures and the Shanghai Stock Exchange's self-regulatory guidelines [6][12]. - The sponsor has the right to supervise the fund usage and can conduct on-site investigations at least semi-annually [7][12]. - Any significant withdrawals from the special account must be reported to the sponsor, ensuring transparency and accountability in fund management [9][14].

Core Viewpoint - Zhejiang Fulai New Materials Co., Ltd. has approved several resolutions regarding the adjustment of its A-share issuance plan to specific investors, including the adjustment of the total fundraising amount and the number of shares to be issued [11][12][19]. Group 1: Meeting Resolutions - The board of directors held its 22nd meeting on November 10, 2025, where all 8 attending directors voted in favor of the resolutions without any opposition or abstentions [1][2]. - Resolutions included the approval of the adjusted plan for issuing A-shares to specific investors, the revised issuance proposal, and the feasibility analysis report for the use of raised funds [3][5][7]. Group 2: Adjustments to Issuance Plan - The total fundraising amount has been adjusted from a maximum of RMB 710 million to RMB 707 million, while the number of shares to be issued has increased slightly from 84,062,775 to 84,065,597 [12][15]. - The adjustments do not constitute a significant change to the issuance plan and do not require further shareholder approval [18]. Group 3: Fundraising Purpose and Projects - The net proceeds from the fundraising will be allocated to various projects, including the expansion of label printing materials, upgrading electronic-grade functional materials, and enhancing the R&D center [30][31][32]. - The company aims to improve its operational capacity and market share in response to growing demand in the label printing and electronic materials sectors [30][31]. Group 4: Financial Impact and Measures - The issuance is expected to dilute immediate returns, and the company has proposed measures to mitigate this impact, including enhanced fundraising management and operational efficiency [29][37]. - The board and management have committed to ensuring that the measures to compensate for the dilution of immediate returns are effectively implemented [39].