Core Viewpoint - The company has approved a proposal to adjust the investment scale of certain fundraising projects and permanently supplement working capital with the surplus funds, aiming to optimize the use of raised funds and enhance operational flexibility [2][3] Fundraising and Financial Details - The company completed a private placement of shares on December 26, 2023, raising a total of RMB 518,809,319.6, with a net amount of RMB 509,876,788.6 after deducting issuance costs [2] - The surplus funds amount to RMB 13,440.47 million from the "Annual Production of 50,000 Tons of Low-Carbon Aluminum Profiles and Products for New Energy Vehicles Technical Transformation Project," which had an original planned investment of RMB 200,186,800 [2] Project Adjustment and Market Conditions - The project primarily focused on the construction of aluminum alloy component production lines for new energy vehicles but faced challenges due to market strategies and technological iterations of mainstream automakers [2] - The current market still predominantly utilizes cost-effective steel structures, and while some new models are adopting aluminum lightweight solutions, they are in the market cultivation phase and unlikely to achieve scale effects in the short term [2] Use of Surplus Funds - The company plans to use the surplus funds of RMB 13,440.47 million to permanently supplement working capital for daily operational needs and will cancel the related fundraising special account [3] - Currently, the company has temporarily supplemented working capital with RMB 13,350 million, which is yet to be repaid and will be implemented after the repayment based on the shareholders' meeting resolution [3]

Group 1 - The company will hold its second extraordinary general meeting of shareholders in 2025 on September 29, 2025, at 14:30 [3][10] - The meeting will combine on-site and online voting methods, allowing shareholders to participate through the Shenzhen Stock Exchange trading system and internet voting system [4][5] - The record date for shareholders eligible to attend the meeting is September 23, 2025 [6][7] Group 2 - The board of directors approved a proposal to apply for an increase in the comprehensive credit limit of up to RMB 60 million [29][48] - The company plans to use the funds for normal operational needs, including various financial instruments such as bank loans and bills [48] - The board also approved the adjustment of the investment scale for a specific fundraising project, which will now be concluded, and the remaining funds will be permanently supplemented into working capital [39][43]

Group 1 - The company, Jinfei Kaida, announced on September 12 that its board approved the conclusion of the project for the annual production of 50,000 tons of low-carbon aluminum profiles and products for new energy vehicles after reducing the investment scale [1] - The remaining raised funds, including interest income, amounting to 134 million yuan will be permanently used to supplement working capital [1]

Core Points - The company announced a board meeting scheduled for September 12, 2025, to review the adjustment of investment scale for certain fundraising projects [1] - The board agreed to conclude the "Annual Production of 50,000 Tons of Low-Carbon Aluminum Profiles and Products for New Energy Vehicles" project after reducing its investment scale [1] - The remaining raised funds, including interest income, amounting to 134 million yuan, will be permanently used to supplement working capital [1] - This matter will require approval from the shareholders' meeting [1]