Group 1 - The company held its 24th meeting of the 5th Board of Directors on July 31, 2025, with all 8 directors present, including 4 via telecommunication [1] - The Board approved the conclusion of certain fundraising projects and the permanent allocation of surplus funds to working capital, specifically for the "Annual Production of 80,000 Tons of Low-Carbon Aluminum Alloy Rods" and "Annual Production of 50,000 Tons of Low-Carbon Industrial Aluminum Materials and Products (Phase I)" projects [1] - The Board also approved an application to increase the comprehensive credit limit with Huishang Bank by up to RMB 40 million, covering various credit products [2]

Core Viewpoint - The company, Zhejiang Jinfei Kaida Wheel Hub Co., Ltd., has completed certain fundraising projects and plans to permanently supplement its working capital with the surplus funds raised from these projects [1][3]. Fundraising Basic Situation - The company has received approval from the China Securities Regulatory Commission to issue 99,771,023 shares at a price of RMB 5.20 per share, raising a total of RMB 518,809,319.60 [1]. - After deducting various issuance costs, the funds have been fully deposited into a special account for fundraising, with a tripartite/four-party supervision agreement in place [1]. Fundraising Investment Project Situation - The company has adjusted its fundraising project plans, with a total investment of RMB 736,858,500 for the "Annual Production of 50,000 Tons of Low-Carbon Industrial Aluminum Materials and Products Technical Transformation Project (Phase I)" [2]. - The projects that have reached the predetermined usable state include the "Annual Production of 80,000 Tons of Low-Carbon Aluminum Alloy Rod Construction Project" and the "Annual Production of 50,000 Tons of Low-Carbon Industrial Aluminum Materials and Products Technical Transformation Project (Phase I)" [2]. Surplus Funds Situation - The total surplus funds amount to RMB 15,855,700, which will be permanently used to supplement the company's working capital for daily operations [3]. - The surplus funds were primarily due to strict control over project expenditures and effective resource utilization during the construction process [3]. Review Procedures and Opinions - The board of directors has approved the proposal to conclude certain fundraising projects and use the surplus funds for working capital, which does not require shareholder meeting approval [3]. - The sponsoring institution has confirmed that the company's actions comply with relevant regulations and guidelines [3].

Core Viewpoint - The company announced the conclusion of certain fundraising projects and the decision to permanently supplement working capital with the remaining funds from these projects [2] Group 1: Company Actions - The company will hold the fifth board meeting on July 31, 2025, to review the proposal regarding the conclusion of specific fundraising projects [2] - The projects concluded include the "Annual Production of 80,000 Tons of Low-Carbon Aluminum Alloy Rods Construction Project" and the "Annual Production of 50,000 Tons of Low-Carbon Industrial Aluminum Materials and Products Technological Transformation Project (Phase I)" [2] - The remaining funds, amounting to 15.8557 million yuan (approximately 1.58557 million), will be used to permanently supplement working capital [2]

Core Viewpoint - The company has approved the conclusion of certain fundraising projects and will permanently supplement its working capital with the remaining funds from these projects [1] Group 1: Company Actions - The company held its 24th meeting of the 5th Board of Directors on July 31, 2025 [1] - The company agreed to conclude the "Annual Production of 80,000 Tons of Low-Carbon Aluminum Alloy Rod Construction Project" and the "Annual Production of 50,000 Tons of Low-Carbon Industrial Aluminum Materials and Products Technical Renovation Project (Phase I)" [1] - The remaining fundraising amount, including interest income, is 15.8557 million yuan, which will be used to permanently supplement working capital [1]