Core Viewpoint - The company has completed the construction of the "Disperse Dye Intermediate Construction Project" and plans to permanently supplement its working capital with surplus funds amounting to 154.4238 million yuan from the project [1][3]. Summary of Fundraising Project Completion - As of May 31, 2025, the actual production capacity of the "Disperse Dye Intermediate Construction Project" reached 29,573 tons per year, which is 90.79% of the designed capacity of 32,573 tons per year [1][2]. - The decision to halt investment in the production line for 2,4-dinitroaniline was made due to a decline in market prices, making the economic viability of in-house production unfavorable [1][2]. Equipment Investment and Cost Savings - The project successfully completed equipment investment, with a total of 1,213 units of the allylbenzene production line at a cost of 58.2112 million yuan [2]. - The company opted for domestic equipment instead of imported ones, resulting in significant cost savings while ensuring project completion and product quality [3]. Surplus Fund Utilization - The net interest and investment income from the surplus funds amounted to 19.6473 million yuan, representing 8.62% of the total committed investment for the project [3]. - The company will use the surplus funds for daily operations and business development [1][3].

Meeting Overview - The 2025 First Extraordinary General Meeting of Shareholders of Hangzhou Fulai Ente Co., Ltd. will be held on June 27, 2025, at 14:00 in Hangzhou, Zhejiang Province [4][5] - The meeting will adopt a combination of on-site and online voting methods [3][4] Shareholder Rights and Responsibilities - Shareholders and their proxies have the right to speak, inquire, and vote during the meeting [2][3] - Shareholders wishing to speak must register with the meeting service team upon signing in [2][3] Fundraising and Financial Overview - The company raised a total of RMB 107,388.14 million by issuing 33.34 million shares at RMB 32.21 per share, with a net amount of RMB 101,888.14 million after deducting fees [6][14] - As of May 31, 2025, the company has six fundraising accounts with a total balance of RMB 29,220,610.27 [7][15] Project Updates - The company plans to conclude the "Dye Intermediate Construction Project" with a total investment of RMB 9,306.60 million, which is 40.85% of the committed investment amount, resulting in a surplus of RMB 15,442.38 million [9][12] - The surplus funds will be permanently supplemented into the company's working capital for daily operations and business development [13][21] Project Changes - The company has proposed changes to certain fundraising projects, including the termination of the "Application R&D Center Construction Project" and the initiation of a new project with a total investment of RMB 6,226.00 million [18][20] - The decision to terminate the original project was based on the current adequacy of existing R&D facilities to meet operational needs [20][21]