Core Viewpoint - The company has completed the fundraising project from its initial public offering (IPO) and plans to permanently supplement its working capital with the remaining funds, which aligns with regulatory requirements and does not harm the interests of shareholders, especially minority shareholders [1][7]. Fundraising Overview - The company raised a total of 380.5252 million yuan from the IPO by issuing 21.67 million shares at a price of 17.56 yuan per share, with a net amount of 343.4518 million yuan after deducting issuance costs of 37.0734 million yuan [1][2]. - The funds were stored in a dedicated account, and a tripartite supervision agreement was signed with the sponsor and the bank [1]. Investment Project Details - The total investment for the initial fundraising projects was 466.2129 million yuan, with the company planning to use 343.4518 million yuan from the raised funds [2]. - The original project for "three-layer solid wood composite flooring construction" was changed to "Shanghai Filinger Wood Industry Co., Ltd. renovation and expansion project," with a total investment of 150 million yuan [2][3]. - Subsequent adjustments included adding a three-layer solid wood composite flooring production line to the renovation and expansion project [3]. Project Timeline and Adjustments - The completion timeline for the renovation and expansion project and the enterprise information technology construction project has been extended multiple times, with the latest deadline set for August 2025 [5][6]. Fund Usage and Surplus - As of June 30, 2025, the company had a total of 343.4518 million yuan in raised funds, with 104.8785 million yuan cumulatively invested, resulting in a surplus of 271.9114 million yuan [5]. - The surplus funds will be used to permanently supplement working capital, enhancing operational efficiency and reducing financial costs [6]. Regulatory Compliance and Approval - The company has followed the necessary procedures for the approval of the fundraising project conclusion and the use of surplus funds, ensuring compliance with relevant regulations [7].

Core Insights - The strategic partnership between Daziran Home and Kährs marks a new phase in the integration of the flooring industry resources between China and Europe, focusing on the high-end eco-friendly home market in China [1][8]. Group 1: Company Profiles - Kährs Group, one of Europe's largest wood flooring companies, has over 160 years of history and is a leader in three-layer solid composite flooring, with an annual production capacity exceeding 17 million square meters [5]. - Daziran Home has over 30 years of experience in the Chinese market, with a network of over 5,000 offline stores and a brand value exceeding 91.056 billion yuan in 2024, positioning itself among the top in the Chinese home furnishing industry [5][6]. Group 2: Strategic Collaboration - The partnership aims to leverage Kährs' advanced manufacturing technology and Daziran's established distribution network to upgrade the high-end eco-friendly home market in China [8]. - Both companies will explore collaboration in product integration, channel development, and service enhancement to create a global strategic synergy, targeting high-end consumers in China [9]. Group 3: Future Outlook - Daziran Home will act as Kährs' agent in China, responsible for brand promotion, channel distribution, and terminal services, focusing on high-end consumers who value design [11]. - The collaboration is seen as an opportunity for Chinese home furnishing companies to align with global advanced manufacturing standards, promoting a professional and international approach in the high-end flooring market [13]. - Kährs' CEO highlighted Daziran's deep understanding of Chinese consumers and digital capabilities as key to their localization strategy, with plans for joint R&D to develop innovative products tailored to Asian lifestyles [15].