Core Viewpoint - The company plans to temporarily use 950 million RMB of idle raised funds to supplement its working capital for a period not exceeding 12 months, ensuring that the investment projects funded by the raised capital continue normally [1][8]. Summary of Fundraising Situation - The company raised a total of 1,822,399,641 RMB through a private placement of 184,266,900 shares at a price of 9.89 RMB per share in June 2013, with a net amount of 1,796,015,374 RMB after deducting issuance costs [1][3]. - As of June 30, 2025, the company had a balance of 207,163,717.59 RMB in its fundraising accounts, which includes interest and investment income [6][7]. Fund Management and Usage - The raised funds have been placed in dedicated accounts, and the company has signed tripartite supervision agreements with banks and sponsors to manage these funds [2][3]. - The company has previously used idle funds to temporarily supplement working capital, including 1 billion RMB in August 2024 and 250 million RMB in May 2025, both of which were returned to the fundraising accounts by the specified deadlines [7][8]. Current Fund Usage Plan - The current plan is to use up to 950 million RMB of idle funds for working capital, ensuring that this does not affect the normal operation of investment projects and improves the efficiency of fund usage [8][10]. - The company emphasizes that the funds will only be used for operations related to its main business and will not be used for stock trading or other financial instruments [8][10]. Compliance and Approval Process - The board of directors has approved the use of idle funds, and the process complies with relevant regulations and company bylaws [9][10]. - The supervisory board and the sponsor have expressed no objections to the plan, confirming that it aligns with legal requirements and does not harm the interests of minority shareholders [10][11].

Group 1 - The core strategy of Jinzhou City is the "136921" development strategy, focusing on project construction as a means to stabilize growth and enhance long-term development [1] - Jinzhou aims to develop two trillion-level industrial clusters in petrochemicals and fine chemicals, and metallurgy and new materials, along with several smaller clusters in advanced equipment manufacturing and food processing [2] - The city has successfully launched a needle coke production project with an annual capacity of 350,000 tons, accounting for approximately 20% of the national market, establishing itself as the largest oil-based needle coke production base in China [4] Group 2 - Jinzhou has seen a significant increase in domestic and foreign investment, with growth rates surpassing national and provincial averages over the past two years [3] - The city has established 45 investment promotion departments and 8 socialized investment agencies to enhance the quality and efficiency of investment attraction [3] - Key projects include the transformation of the needle coke facility, the production of high-quality organic pigments, and the development of a national lubricating oil additive industry base [4]