Summary of Key Points Core Viewpoint The report provides a detailed account of the fundraising activities and the usage of raised funds by Guangzhou Jitai Chemical Co., Ltd. It outlines the amounts raised, the specific projects funded, and the management of these funds, ensuring compliance with regulatory requirements. Group 1: Fundraising Overview - The company raised a total of RMB 299,999,988.75 from a non-public offering of A-shares in 2020, with a net amount of RMB 280,999,988.75 after deducting underwriting fees [1][2] - In 2022, the company raised RMB 169,602,361.50 from a targeted issuance of A-shares, with a net amount of RMB 153,436,236.32 after fees [3][4] Group 2: Fund Usage and Balances - As of June 30, 2025, the company had used RMB 272,944,538.92 from the 2020 fundraising, with a remaining balance of RMB 7,449,565.95 [5][6] - For the 2022 fundraising, RMB 153,440,976.79 was utilized, leaving a balance of RMB 81,110.48 as of June 30, 2025 [7][8] Group 3: Fund Management and Compliance - The company has established a fund management system in accordance with relevant laws and regulations, ensuring that funds are stored in dedicated accounts and used for specified projects [9][10] - The company has signed tripartite and quadripartite supervision agreements with banks and underwriters to ensure compliance with fundraising regulations [11][12] Group 4: Project Adjustments and Changes - The company adjusted its project plans based on operational needs and market conditions, including changes to production capacities and project timelines [15][16][17] - The total investment for the adjusted projects was revised from RMB 42,025.89 million to RMB 39,831.01 million, with completion dates extended [17] Group 5: Remaining Funds and Future Plans - As of June 30, 2025, the company has unutilized funds of RMB 744,960.00 from the 2020 fundraising and RMB 81,110.48 from the 2022 fundraising, all stored in dedicated accounts [19][20] - The company plans to use the remaining funds for project completion and operational needs, ensuring efficient use of resources [21][22]