Fundraising Overview - The company has received approval from the China Securities Regulatory Commission for its initial public offering, issuing 35.05 million shares at a price of 25.75 RMB per share, raising a total of 902,537,500 RMB, with a net amount of 825,059,369.81 RMB after deducting issuance costs [1][2][3] Fund Management - A special account for the raised funds has been established to ensure proper management and protection of investor rights, in compliance with relevant regulations [1][4] - The company has authorized its management to handle the opening of the special account and related agreements with banks and sponsors [1][4] Special Account Details - The special account for the project "Information System Construction" has been opened at CITIC Bank, with the account number 8112001012900880735, currently holding a balance of 0.00 RMB [3][4] Four-Party Supervision Agreement - A four-party supervision agreement has been signed among the company, CITIC Bank, the sponsor Dongwu Securities, and its wholly-owned subsidiary, outlining the management and usage of the raised funds specifically for the information system construction project [4][5] - The agreement stipulates that the funds cannot be used for any other purposes and includes provisions for regular supervision and reporting [4][5]

Core Viewpoint - The company has approved the addition of a subsidiary as an implementation entity for a fundraising project, which will enhance the efficiency of fund usage and project execution without altering the original investment plan [1][7][8] Group 1: Fundraising Overview - The company issued 35.05 million shares at a price of 25.75 yuan per share, raising a total of approximately 902.54 million yuan, with net proceeds of about 524.46 million yuan after deducting related issuance costs [2] - A special account has been established for the management of the raised funds, ensuring compliance with relevant regulations and protecting investor interests [2][6] Group 2: Project Implementation Changes - The implementation entity for the "Information System Construction" project has been expanded to include the wholly-owned subsidiary, Changhua Lianyungang, alongside the company itself [5] - The project location has been updated to include both the original site in Zhangjiagang and a new site in Lianyungang [5] Group 3: Rationale for Changes - The decision to add the subsidiary as an implementation entity is based on its significant investment plans for building a green, low-carbon, and intelligent factory, which aligns with the company's operational needs and development strategy [5][7] - This change is expected to optimize the funding structure for the subsidiary, enhance project management efficiency, and improve overall governance and management levels of the company [5][7][8] Group 4: Approval Process - The board of directors and the supervisory board have reviewed and approved the changes, confirming that they fall within the board's authority and do not require shareholder approval [6][8] - The changes are in compliance with the relevant regulations set forth by the China Securities Regulatory Commission and the Shenzhen Stock Exchange [8]

Group 1 - The core point of the announcement is the approval of the "2025 Restricted Stock Incentive Plan (Draft)" by the Supervisory Board, aimed at enhancing the company's long-term incentive mechanism to attract and retain talent while aligning the interests of shareholders, the company, and core team members [1][2] - The Supervisory Board believes that the plan complies with relevant laws and regulations, ensuring that the interests of the company and all shareholders are not harmed, and it will contribute to the sustainable development of the company [2][3] - The voting result for the incentive plan was unanimous approval with 3 votes in favor, and it will be submitted to the shareholders' meeting for further approval [2][3] Group 2 - The "2025 Restricted Stock Incentive Plan Implementation Assessment Management Measures" was also approved, which aligns with the company's development strategy and operational goals, ensuring the effective implementation of the incentive plan [3][4] - The assessment indicators within the management measures are deemed scientific, reasonable, and comprehensive, providing constraints on the incentivized individuals to achieve the assessment objectives [3][4] - The voting result for the assessment management measures was also unanimous approval with 3 votes in favor, and it will be submitted to the shareholders' meeting for further approval [3][4] Group 3 - The company plans to add its wholly-owned subsidiary, Changhua Chemical Technology (Lianyungang) Co., Ltd., as an implementation entity for the fundraising project "Information System Construction," expanding the project location [5][6] - This addition is expected to enhance the efficiency of fundraising usage and ensure the smooth progress of the project, ultimately maximizing project benefits and improving returns to shareholders [5][6] - The voting result for this proposal was unanimous approval with 3 votes in favor, and the sponsor, Dongwu Securities Co., Ltd., provided a no-objection special verification opinion [5][6]