Core Viewpoint - The company has completed the cancellation of part of the fundraising special account related to its initial public offering (IPO) and has made adjustments to its investment projects based on current business development needs [1][4]. Fundraising Basic Situation - On July 18, 2023, the company received approval from the China Securities Regulatory Commission for its IPO, allowing it to issue 30,420,000 shares at a price of 29.66 yuan per share, raising a total of 902,257,200 yuan. After deducting issuance costs of 102,543,821.47 yuan, the net amount raised was 799,713,378.53 yuan [1]. Fundraising Management Situation Management and Use of Fundraising - The company has established a special account for the management of the raised funds, which are stored and managed according to relevant laws and regulations. The company has signed tripartite or quadripartite supervision agreements with the sponsor and the supervising bank [2]. Special Account Storage Situation - As of the announcement date, the company has set up special accounts for the funds raised from the IPO [2]. Cancellation of Fundraising Special Account - The company decided to optimize the investment project "Shanghai Carbon Fiber Polyether Ether Ketone Composite Material R&D Center Project" based on an assessment of business development and industry factors. This decision was approved in meetings held on July 18, 2024, and subsequently at the second extraordinary general meeting of shareholders on August 5, 2024 [2][3]. - The remaining funds from the project have been transferred to the company's own funds account, leading to the cancellation of the fundraising special account. The corresponding supervision agreement has also been terminated [4].

Core Viewpoint - The company has completed the cancellation of a portion of its initial public offering fundraising account, with a net fundraising amount of 799 million yuan in September 2023 [1] Group 1: Fundraising and Financial Management - The company raised a net amount of 799 million yuan in September 2023 [1] - Due to business development, the company plans to optimize the "Shanghai Carbon Fiber Polyether Ether Ketone Composite Material R&D Center Project" in 2024, with a completion date set for December 2025 [1] - The remaining funds from the project will be permanently allocated to supplement working capital [1] Group 2: Account and Regulatory Changes - The company has transferred the remaining project funds to its own account, leading to the cancellation of the dedicated fundraising account at the Bank of China, Minhang Branch in Shanghai [1] - Corresponding regulatory agreements related to the dedicated account have also been terminated [1]

Core Viewpoint - The company has completed the fundraising project for the Shanghai Carbon Fiber Polyether Ether Ketone Composite Material R&D Center and plans to permanently supplement its working capital with the remaining funds of 9.7444 million yuan to enhance operational efficiency [2][10]. Fundraising Basic Situation - On July 18, 2023, the company received approval from the China Securities Regulatory Commission for its initial public offering, allowing it to issue 30,420,000 shares at a price of 29.66 yuan per share, raising a total of 902.2572 million yuan, with a net amount of 799.7134 million yuan after deducting issuance costs [3]. Fundraising Project Details - The total investment for the Shanghai Carbon Fiber Polyether Ether Ketone Composite Material R&D Center project was adjusted from 73.204 million yuan to 110.204 million yuan, with the project’s implementation subject changed to Zhongyan Composite (Shanghai) Technology Development Co., Ltd. [5]. Remaining Funds Usage and Surplus Situation - The remaining funds from the project include interest income, unspent final payments, and warranty payments, with the actual transfer amount based on the balance of the fundraising account on the transfer date [9][8]. Reasons for Surplus Funds - The company adhered to its fundraising management system, ensuring compliance and effective cost control during the project, which led to savings in procurement costs and the generation of interest income from idle funds [8]. Plan for Surplus Funds - The company intends to transfer the surplus funds to its own capital account for permanent use in daily operations, with the actual amount based on the balance of the fundraising account on the transfer date [9]. Review Procedures and Sponsor Opinions - The board of directors approved the proposal to conclude the fundraising project and permanently supplement working capital, confirming that the decision does not violate any regulations and will not adversely affect the company's operations or shareholder interests [12][11].