Core Viewpoint - The company, Huawu Co., Ltd. (300095.SZ), has decided to change the use of part of its raised funds, reallocating approximately 93.9965 million yuan from a terminated project to a new project focused on the production of 10,000 sets of mining truck brake systems [1] Group 1: Project Changes - The remaining raised funds of 93.9965 million yuan and all interest from the terminated "Annual Production of 3,000 Cranes New Intelligent Hoisting Trolley Construction Project" will be redirected to the new "Annual Production of 10,000 Sets of Mining Truck Brake Systems Construction Project" [1] - The total investment for the new project is 107.845 million yuan, with the company covering the shortfall using its own funds [1] - A dedicated fund account will be established for the new project, and the original project account will be canceled [1] Group 2: Strategic Rationale - The change is based on the company's strategic development needs, as the original project was approved for termination by the shareholders' meeting in March 2025 [1] - The mining equipment industry is accelerating its transition towards larger, smarter, and greener solutions, with a growing demand for high-performance mining truck brake systems [1] - As a leading enterprise in the industrial braking field, the company has made breakthroughs in both dry and wet brake technologies and possesses large-scale production capabilities [1] Group 3: Market Position and Relationships - The new project aligns with national industrial policy directions and will aid in the domestic substitution of mining truck brake systems, enhancing the company's autonomy and market competitiveness in core components of high-end equipment [1] - The company has a solid existing customer base and has established partnerships with several major manufacturers and large mining groups, providing assurance for the capacity absorption of the new project [1]

Core Viewpoint - The company, Huawu Co., Ltd. (300095.SZ), has decided to terminate the fundraising project for the construction of a new intelligent hoisting trolley with an annual production capacity of 3,000 cranes and redirect the remaining funds to a new project for the construction of 10,000 sets of mining truck brakes [1] Group 1: Project Termination and Fund Allocation - The company plans to change the fundraising project to "Construction of a new intelligent hoisting trolley with an annual production capacity of 3,000 cranes," with an investment amount of 100 million yuan [1] - The board of directors approved the termination of the project on January 7, 2025, and the shareholders' meeting ratified this decision on March 17, 2025 [1] - As of September 30, 2025, a total of 6.0035 million yuan has been invested in the terminated project, with remaining funds and interest amounting to 93.9965 million yuan [1] Group 2: New Project Funding - The remaining funds of 93.9965 million yuan and all interest will be used for the "Construction of 10,000 sets of mining truck brakes" project [1] - The total planned investment for the new project is 107.845 million yuan, with the company covering the shortfall using its own funds [1] - The change in fundraising investment project does not involve related party transactions and will require the company to complete project filing procedures with relevant government departments [1]

Core Viewpoint - The company Huawu Co., Ltd. (300095.SZ) has announced a change in its fundraising project, terminating the "Annual Production of 3,000 New Intelligent Hoisting Trolleys" project and reallocating the remaining funds to a new project for "Annual Production of 10,000 Mining Truck Brakes" [1] Group 1 - The company plans to invest 100 million yuan in the new project for intelligent hoisting trolleys, which has been terminated [1] - The board of directors approved the termination of the project on January 7, 2025, and it was ratified by the shareholders' meeting on March 17, 2025 [1] - As of September 30, 2025, 6.0035 million yuan has been invested in the terminated project, with remaining funds and interest totaling 93.9965 million yuan [1] Group 2 - The total planned investment for the new mining truck brake project is 107.845 million yuan, with the company covering the shortfall using its own funds [1] - The change in fundraising investment does not involve related party transactions and will require government approval for project filing [1]