来源：@华夏时报微博 登录新浪财经APP 搜索【信披】查看更多考评等级 "项目肯定没有被废掉，我们还是在持续推进的。"天目湖证券事务部工作人员对本报记者说。公司方面表示，募 集资金到位后，受外部因素影响，文旅行业经历了严峻的挑战，为维护股东利益、提高募集资金使用效率及保障 募投项目整体质量，公司战略性放缓了南山小寨二期项目的建设，项目进度较原计划有所滞后。近年来，随着政 策支持和市场带动，文旅行业迎来复苏，公司积极优化南山小寨二期项目方案，项目正在开展方案报批和勘察设 计，待前期工作完备后启动建设。御水温泉（一期）装修改造项目已部分开展，因酒店宾客入住率持续较高，公 司为避免影响实际经营，特阶段性延缓项目装修改造进度。 用于保障建设的增资一年未落地，参股公司被传停工 华夏时报记者 陶炜 南京报道 五年半前就募来的钱，五年半后依然没有花出去。9月8日晚间，天目湖（维权）（603136.SH）发布《江苏天目 湖旅游股份有限公司关于使用部分闲置募集资金进行现金管理到期赎回并继续进行现金管理的公告》，再次提醒 人们注意到这样一个事实：2020年就募来用于"南山小寨二期项目""御水温泉（一期）装修改造项目"的3亿元资 ...

五年半前就募来的钱，五年半后依然没有花出去。9月8日晚间，天目湖（603136.SH）发布《江苏天目 湖旅游股份有限公司关于使用部分闲置募集资金进行现金管理到期赎回并继续进行现金管理的公告》， 再次提醒人们注意到这样一个事实：2020就募来用于"南山小寨二期项目""御水温泉（一期）装修改造 项目"的3亿元资金，依然是90%以上躺在账上用于理财。 《华夏时报》记者还注意到，公司在2024年8月份就公告将按持股比例19.98%向江苏天目湖动物王国旅 游有限公司（下称"动物王国公司"）增资17982万元用于保障项目建设资金要求，但这一增资至今仍未 履行，而动物王国公司在今年7月则出现了停工传闻。 打开天目湖的公告列表，发布频率最高的公告就是与投资理财相关的公告。从8月25日至今，天目湖在 半个月的时间里发布了三条使用部分闲置募集资金进行现金管理的公告，而闲置资金的来源，均源于5 年前的一次发债。 但时至今日，这一增资至今并未进行。今年7月，网上传出总投资35.5亿元的动物王国项目已经停工。 《华夏时报》记者在现场调查时发现，该项目现场的工程机械处于关机状态，江苏天目湖动物王国旅游 有限公司董事长杨彬则对本报记者表示 ...

Core Viewpoint - The company has decided to extend the implementation period for its fundraising investment projects due to external factors and market conditions affecting the original timeline for project completion [1][2][6]. Fundraising Basic Information - The company issued 3,000,000 convertible bonds at a face value of RMB 100 each, raising a total of RMB 300 million, which was fully received by March 5, 2020 [1]. - The funds are allocated for projects including the "Yushui Hot Spring (Phase I) Renovation Project" [1]. Progress of Fundraising Investment Projects - As of June 30, 2025, the cumulative investment in the Yushui Hot Spring (Phase I) Renovation Project is RMB 27.95 million, with no percentage of completion reported [1]. - The current balance of the fundraising funds in various bank accounts totals approximately RMB 56.11 million [1]. Reasons for Extension of Project Implementation Period - The company aims to enhance customer experience and expand its product offerings, leading to a strategic decision to slow down the construction of the Nanshan Xiaozhai Phase II project due to challenges in the tourism industry [2][3]. - The Yushui Hot Spring (Phase I) Renovation Project has been partially initiated, but the company has decided to delay further renovations to avoid impacting current operations [3]. Measures to Ensure Timely Completion Post-Extension - The company plans to optimize project schedules, allocate resources effectively, and enhance supervision and management of the fundraising projects to ensure compliance and timely completion [4]. Re-evaluation of Fundraising Investment Projects - The Nanshan Xiaozhai Phase II project is designed to enhance the tourism offerings in the region, including a cultural square and themed hotel, which aligns with the company's strategic development plans [4][5]. Impact of Extension on Fundraising Investment Projects - The extension of the project implementation period is a prudent decision based on the current progress and does not constitute a substantive change in the project’s nature or direction [6]. Internal Decision-Making Process - The company's board of directors has approved the proposal to extend the implementation period for the fundraising investment projects [6]. Sponsor Institution's Review Opinion - The sponsor institution, CITIC Construction Investment Securities, has conducted a thorough review and found no objections to the company's decision to extend the project implementation period, confirming that it does not adversely affect shareholder interests [6].