Summary of Key Points Core Viewpoint - The company has decided to postpone the expected operational status of the "Green Low-Carbon Packaging Material Manufacturing Base Project" from August 2025 to November 2025 due to delays in the delivery of production equipment, while ensuring that the investment purpose and scale remain unchanged [1][4]. Fundraising Overview - The company has raised a total of 418.50 million yuan, with a net amount of 418.49 million yuan after adjustments [3]. - The funds are allocated to specific projects, with a focus on maintaining the integrity of the investment purposes [2][3]. Postponement Details - The postponement of the project is based on the actual progress and adjustments in the initial planning, ensuring that the investment purpose and scale remain unchanged [4][5]. - The new expected operational status for the project is now set for November 2025 [4]. Impact of Postponement - The postponement is a cautious decision based on the project's actual progress and does not affect the overall investment purpose or scale, thus not harming shareholder interests [5][6]. - The company has confirmed that the delay will not have a significant adverse impact on its production and operations [5][6]. Approval Procedures - The company's board of directors, supervisory board, and independent directors have all approved the postponement, confirming that it complies with relevant regulations and does not alter the investment purpose [5][6]. - The independent directors emphasized that the decision aligns with the interests of the company and its shareholders, ensuring the normal progress of the investment projects [5][6].