Group 1 - The company held its annual shareholder meeting on March 27, 2022, where several proposals were approved [1] - On September 30, 2024, the company convened its third meeting of the fourth board of directors and the third meeting of the fourth supervisory board, approving a proposal regarding changes to certain fundraising projects [1] - As of the date of the verification opinion, the basic situation of the company's fundraising investment projects is summarized, with total investment amounts specified in ten thousand yuan [1] Group 2 - The planned investment amount for the fundraising project is 701.83 million yuan, after deducting the already designated usage of 575 million yuan, as approved by the 2021 annual shareholder meeting [2] - The actual investment amount for the fundraising project at the end of 2022 was 126.83 million yuan, which includes unused funds and interest income generated from cash management [2] - The investment amount for the "Annual Production of 150,000 Tons of Lubricant Additives Project" has been adjusted due to idle funds generating interest income, which the company plans to use for project construction [2]

Core Viewpoint - The company held its fourth board meeting and temporary shareholders' meeting to approve changes to fundraising projects, indicating a strategic shift in investment focus and management of idle funds [1][2]. Fundraising Project Changes - The company has modified its fundraising project, changing the "Lubricant Additive Research Center Project" to the "Lubricant Additive Industry Research Institute Project" [2]. - The total investment for the "Annual Production of 46,000 Tons of Lubricant Additive Series Products" project is based on remaining funds from a previously approved project [2]. Use of Idle Funds - The company plans to use part of its temporarily idle fundraising for cash management to enhance fund efficiency and shareholder returns, ensuring that it does not affect ongoing projects [3][4]. - The cash management strategy includes investing in low-risk, liquid financial products with a maturity of no more than 12 months, such as structured deposits and government bond reverse repos [3]. Decision-Making Process - The board's audit committee approved the use of idle funds for cash management, emphasizing compliance with legal regulations and the protection of investment funds [3][4]. - The decision aims to improve the efficiency of fundraising use without altering the intended use of the funds or negatively impacting the company's operations [4].

Group 1 - The board meeting of Xinxiang Ruifeng New Materials Co., Ltd. was held on August 22, 2025, with all 9 directors present, confirming the legality and validity of the meeting [1] - The board approved the 2025 semi-annual report, stating it complies with relevant regulations and contains no false records or misleading statements [2][3] - The board confirmed that the company has strictly used the raised funds according to regulations, with no violations or changes that could harm shareholder interests [2][3] Group 2 - The board approved the adjustment of the investment amount for the "Annual Production of 150,000 Tons of Lubricant Additives Project" to 200 million yuan, including interest income not exceeding 15 million yuan [3] - The expected usable status date for the "Annual Production of 460,000 Tons of Lubricant Additives Project" has been adjusted to December 31, 2028 [3] - The company can use up to 400 million yuan of temporarily idle raised funds for cash management, ensuring safety and liquidity [4][5]

Group 1 - The company announced the adjustment of investment amounts and project delays for the "Annual Production of 150,000 Tons of Lubricant Additives Project" [2] - The company plans to utilize interest income generated from idle raised funds for the project construction, with expected interest income not exceeding 15 million [2] - The adjusted total investment for the project will be 200 million plus the aforementioned interest income, with the expected completion date revised to December 31, 2028 [2]