Core Viewpoint - The company has approved the use of surplus funds from its initial public offering (IPO) to permanently supplement its working capital for daily operations, following the completion of a key investment project [1] Group 1: Company Actions - The company will hold its fourth board meeting on December 10, 2025, to review the proposal regarding the completion of the IPO fundraising investment project [1] - The investment project for "20,000 tons/year aramid polymer monomer (meta/para-phthaloyl chloride)" has reached a usable state [1] - The company will allocate surplus funds amounting to RMB 83.9369 million (including bank interest) to support its daily production and operational activities [1]

Group 1 - The core point of the news is the performance and characteristics of the convertible bond issued by Kaisheng New Materials, which has a current trading price of 134.717 yuan per share and a conversion premium rate of 23.19% [1] - The convertible bond has a credit rating of "AA-" and a maturity period of 6 years, with a structured interest rate that increases over the years, starting from 0.2% in the first year to 2.5% in the sixth year [1] - The conversion price for the bond is set at 20.01 yuan, with the conversion period starting on June 5, 2024 [1] Group 2 - Kaisheng New Materials, established in December 2005, specializes in the research, production, and sales of fine chemical products and new polymer materials [2] - The company is a leading domestic producer of aramid polymer monomers and the first in China to produce polyether ketone ketone, holding a significant position in the global market [2] - For the first quarter of 2025, Kaisheng New Materials reported a revenue of 269.4 million yuan, a year-on-year increase of 12.28%, and a net profit of 30.67 million yuan, reflecting a 19.35% increase year-on-year [2] - As of July 2025, the company has a concentrated shareholder structure with 24,280 shareholders and an average holding of 16,140 shares per person, amounting to an average investment of 271,700 yuan [2]