Summary of Key Points Core Viewpoint - The company intends to temporarily use part of its idle raised funds to supplement working capital, ensuring that this does not affect the normal progress of its fundraising investment projects and complies with relevant regulations [1][6]. Group 1: Fundraising Overview - The company raised a total of approximately 2.41 billion yuan from its initial public offering, with a net amount of about 2.20 billion yuan after deducting issuance costs [1]. - The company has established five special accounts for the management and storage of the raised funds, with a total balance of approximately 18.22 million yuan as of June 30, 2025 [2]. Group 2: Previous Fund Usage - In August 2024, the company approved the use of up to 200 million yuan of idle raised funds to temporarily supplement working capital, with a usage period not exceeding 12 months [2][5]. - The company has returned the funds used for temporary working capital back to the special account by August 18, 2025 [3]. Group 3: Investment Project Status - As of June 30, 2025, the company has adjusted its investment project for the production of high-temperature alloys, reducing the planned capacity from 6,000 tons to 3,000 tons, which also adjusted the investment amount accordingly [4]. Group 4: Current Fund Usage Plan - The company plans to use up to 200 million yuan of idle funds for business expansion and daily operations, ensuring that these funds will not be used for stock trading or other non-compliant activities [5][6]. - The company will continuously monitor the progress of its investment projects and return the funds to the special account as needed [5]. Group 5: Sponsor's Verification Opinion - The sponsor has verified that the company's plan to use idle funds has been approved by the board and complies with legal regulations, enhancing fund efficiency without harming shareholder interests [6].

Core Viewpoint - The company has decided to postpone the expected completion dates for certain fundraising investment projects, specifically the "New Annual Production of 10,000 Tons of Aerospace Grade High-Temperature Alloy Technology Transformation Project" and the "New R&D Center Project," extending the deadlines to December 2027 due to various operational and market factors [1][10]. Fundraising Overview - The company raised a total of approximately 2.41 billion RMB from its initial public offering, with a net amount of about 2.20 billion RMB after deducting issuance costs [1]. - The company has established special accounts for managing and using the raised funds, ensuring dedicated storage and regulatory agreements with banks and sponsors [2]. Investment Project Status - As of July 31, 2025, the total investment amount for the "New Annual Production of 10,000 Tons of Aerospace Grade High-Temperature Alloy Technology Transformation Project" was adjusted from 100,016.76 million RMB to 80,177.59 million RMB, with cumulative investment reaching 45,237.72 million RMB, representing 56.42% of the total [2]. Reasons for Project Delay - The delay in the "New Annual Production of 10,000 Tons of Aerospace Grade High-Temperature Alloy Technology Transformation Project" is attributed to macroeconomic conditions and market demand, as well as the need to ensure process stability for high-temperature alloy rod production [4]. - The "New R&D Center Project" has also faced delays due to the company's involvement in national-level research projects, which required strict adherence to funding usage, impacting the pace of fundraising project execution [5]. Re-evaluation of Projects - The company has conducted a re-evaluation of the necessity and feasibility of continuing the "New R&D Center Project," concluding that it remains aligned with strategic planning despite the low cumulative investment ratio [6][9]. Impact of Project Delay - The postponement of these projects is a cautious decision that does not alter the project content, investment purposes, or scales, and is not expected to have a significant adverse effect on the company's normal operations [10][11]. - The company aims to optimize resource allocation and accelerate the implementation of these projects while adhering to regulatory requirements [10].

Core Viewpoint - Jiangsu Longda Superalloy Co., Ltd. plans to use part of its temporarily idle raised funds for cash management, with a limit of up to RMB 600 million, ensuring the safety of the funds and not affecting the construction and use of the fundraising projects [1][2][9] Fundraising Basic Situation - The company raised a total of RMB 2,411,794,296.88 from its initial public offering, with a net amount of RMB 2,201,271,584.45 after deducting issuance costs [2] - The funds are stored in a special account to ensure proper management and protection of investor rights [2] Fundraising Investment Project Situation - The main investment project involves a technical transformation project to increase the annual production capacity of aviation-grade high-temperature alloys by 10,000 tons, with a total investment of RMB 100,016.77 million [3] - The project scale was adjusted from an original design capacity of 6,000 tons to 3,000 tons, with the revised fundraising usage amounting to RMB 80,176.88 million [5] Cash Management Basic Situation - The purpose of cash management is to improve the efficiency and returns of the temporarily idle funds while ensuring safety and not affecting project construction [5] - The cash management will involve purchasing high-security, high-liquidity financial products, with a maximum investment period of 12 months [5][6] Implementation and Disclosure - The board of directors authorized the management to handle related matters, with the finance department responsible for implementation [6] - The company will comply with relevant regulations for timely information disclosure regarding cash management activities [6] Impact on Daily Operations - The planned cash management will not affect the normal operations of the company or the ongoing fundraising investment projects, and it aims to enhance returns for the company and its shareholders [6][9] Opinions from Supervisory and Sponsoring Institutions - The supervisory board and sponsoring institutions have expressed their agreement with the cash management plan, confirming that it complies with legal requirements and does not harm the interests of shareholders [8][9]

Core Viewpoint - The company plans to utilize part of its temporarily idle raised funds for cash management to enhance fund efficiency and returns while ensuring that it does not affect the ongoing projects funded by these raised funds [1][6][8]. Fundraising Overview - The company raised a total of approximately RMB 2.41 billion through its initial public offering, with a net amount of about RMB 2.20 billion after deducting issuance costs [1][4]. - The funds are stored in a special account to ensure proper management and protection of investor rights [2]. Investment Project Details - The primary investment project involves a technical transformation to increase the annual production capacity of aviation-grade high-temperature alloys by 10,000 tons, with a total investment of approximately RMB 1 billion [3][4]. - The project’s capacity was adjusted from an original design of 6,000 tons to 3,000 tons due to construction timelines [4]. Cash Management Plan - The company intends to use up to RMB 600 million of the temporarily idle funds for cash management within a 12-month period [5][8]. - The cash management will focus on low-risk, high-liquidity products such as time deposits and structured deposits, with a maximum investment period of 12 months [5][6]. Impact on Operations - The cash management plan is designed to ensure that it does not interfere with the company's normal operations or the progress of the fundraising investment projects [6][8]. - Utilizing idle funds for cash management is expected to generate additional returns for the company and its shareholders [6]. Compliance and Approval - The cash management plan has been approved by the company's board of directors and supervisory board, complying with relevant laws and regulations [7][8]. - The sponsor institution has confirmed that the plan does not alter the intended use of the raised funds and adheres to regulatory requirements [8].

Summary of Key Points Core Viewpoint - The company intends to utilize part of its temporarily idle raised funds for cash management to enhance fund efficiency and returns while ensuring that it does not affect the ongoing projects funded by these raised funds [1][8]. Group 1: Fundraising Overview - The company raised a total of RMB 2,411,794,296.88 through the issuance of 61,714,286 shares at a price of RMB 39.08 per share, with a net amount of RMB 2,201,271,584.45 after deducting issuance costs of RMB 210,522,712.43 [1][4]. - The company has established a special account for the management and storage of the raised funds, ensuring compliance with relevant regulations [2]. Group 2: Investment Project Details - The primary investment project involves a technical transformation project to increase the annual production capacity of aviation-grade high-temperature alloys from an original design of 6,000 tons to an adjusted capacity of 3,000 tons, with a total investment of RMB 100,016.77 million [3][4]. - The actual net amount raised is RMB 220,127.16 million, with RMB 120,127.16 million being excess funds [4]. Group 3: Cash Management Plan - The company plans to use up to RMB 600 million of the temporarily idle raised funds for cash management within a 12-month period, allowing for rolling use of the funds [5][8]. - The cash management will focus on low-risk, high-liquidity products such as time deposits and structured deposits, with a maximum investment period of 12 months [5][6]. Group 4: Impact on Operations - The cash management plan is designed to ensure that it does not interfere with the company's normal operations or the progress of the investment projects [6][8]. - Utilizing idle funds for cash management is expected to enhance company returns and benefit shareholders [6]. Group 5: Compliance and Approval - The cash management plan has been approved by the company's board of directors and supervisory board, complying with relevant laws and regulations [7][8]. - The sponsor institution has confirmed that the cash management does not alter the intended use of the raised funds and adheres to regulatory requirements [8].

Group 1 - The "IASC China Craftsman Enterprise Exhibition Area" made its debut at the 55th Paris International Air and Space Show, showcasing China's capabilities in the aviation sector [1][2] - The exhibition area covers 262 square meters and features 16 participating companies, including listed firms such as Aerospace Technology, Jintian Titanium Industry, and Longda Co., among others, focusing on advanced materials and key components in aviation [2] - The exhibition area has received strong support from the Global Aviation Cluster Alliance (GACP), with over 10 city clusters from countries like France, Germany, the UK, Italy, and Spain confirming their participation for discussions [2][3] Group 2 - IASC, as the organizer, emphasizes its commitment to international markets and cross-border exchanges in the civil aviation sector, planning to establish similar exhibition areas at major international events annually [3]