Core Viewpoint - Weihai Guangtai announced the postponement of certain fundraising investment projects due to the current implementation progress of the convertible bond fundraising projects [1] Group 1: Project Postponements - The project "Emergency Rescue Equipment Production Base Project (Phase I)" will have its expected usable status date extended from March 31, 2026, to June 30, 2027, without changes to the project entity, total investment, or fund usage [1] - The project "Yangting Base Intelligent Transformation Project" will have its expected usable status date extended from December 31, 2025, to December 31, 2026, also maintaining the same project entity, total investment, and fund usage [1]

Summary of Key Points Core Viewpoint - The company intends to temporarily use part of the idle raised funds to supplement its working capital, ensuring that the investment projects continue to progress without disruption [1][6]. Group 1: Fundraising Overview - The total amount raised from the issuance of convertible bonds is 700 million yuan, with a net amount of 694 million yuan after deducting underwriting fees [1]. - The funds are stored in a dedicated account, and the company has implemented a special account storage system for the raised funds [1]. Group 2: Use of Raised Funds - The total investment for the emergency rescue equipment production base project is 846.856 million yuan, with the company planning to use the entire raised amount for this project [2]. - As of July 17, 2025, the remaining balance in the special account for raised funds is 187,473,293.45 yuan [2]. Group 3: Previous Use of Idle Funds - The company previously used up to 220 million yuan of idle raised funds to supplement working capital, with a repayment deadline of 12 months from the board's approval [3][5]. - A subsequent approval allowed the use of up to 180 million yuan of idle funds, which was also fully repaid by July 17, 2025 [5]. Group 4: Current Proposal for Idle Funds - The company proposes to use up to 120 million yuan of idle raised funds for working capital, with a maximum usage period of 12 months [5]. - The funds will be used for operational purposes and will be returned to the special account as the investment projects progress [5][6]. Group 5: Compliance and Verification - The proposal to use idle funds has been approved by the company's board, adhering to relevant regulations and guidelines [6]. - The sponsor institution has verified that the decision-making process was followed correctly and has no objections to the use of idle funds [6].