Core Viewpoint - The company has decided to postpone the expected completion dates for its fundraising projects due to changes in the macro environment and market demand, while ensuring that the investment purposes, total investment amounts, implementation entities, and methods remain unchanged [5][6][8]. Fundraising Overview - The company was approved to issue up to 60,370,229 shares at a price of RMB 19.76 per share, raising a total of RMB 1,180,640,725.04 after deducting fees, with a net amount of RMB 1,178,141,710.08 available for investment [1][2]. - The net amount was deposited into a special account for fundraising management, with a three-party supervision agreement in place to protect investor rights [2]. Investment Project Details - The total planned investment for the "High-end Automotive Parts Intelligent Manufacturing Project (Phase II)" is RMB 100,273.00 million, and for the "Automotive Parts Intelligent Manufacturing European Production Base Project," it is RMB 43,827.23 million [5]. - The company has adjusted the investment amounts for these projects due to the actual net fundraising being lower than initially planned [3][4]. Postponement Reasons - The postponement of the projects is attributed to changes in the macro environment and market demand, particularly the impact of the Russia-Ukraine situation and the European energy crisis on the European project [5][6]. - The new expected completion dates are set for July 2026 for the "High-end Automotive Parts Intelligent Manufacturing Project (Phase II)" and November 2026 for the "Automotive Parts Intelligent Manufacturing European Production Base Project" [5][6]. Impact of Postponement - The postponement does not involve changes to the investment purposes or amounts and is not expected to adversely affect the company's normal operations or shareholder interests [5][8]. - The company will continue to comply with relevant regulations and monitor project progress closely to ensure timely completion [6][8]. Review Procedures - The board of directors and the supervisory board have both approved the postponement of the fundraising projects, confirming that the decision aligns with regulatory requirements and does not harm the interests of the company or its shareholders [7][8].

Core Viewpoint - The company has announced a delay in the expected operational status of two fundraising projects, extending the timelines for the "High-end Automotive Parts Intelligent Manufacturing Project (Phase II)" and the "Automotive Parts Intelligent Manufacturing European Production Base Project" to July 2026 and November 2026, respectively [1][5][6]. Fundraising Overview - The company was approved to issue up to 60,424,710 shares, with an actual issuance of 60,370,229 shares at a price of RMB 19.76 per share, raising net funds after fees of RMB 1,188,000,000 [1][2]. - A special account for managing the raised funds has been established, ensuring compliance with regulations and protecting investor rights [2]. Project Funding Status - As of December 31, 2024, the cumulative investment in the "High-end Automotive Parts Intelligent Manufacturing Project (Phase II)" and the "Automotive Parts Intelligent Manufacturing European Production Base Project" has been adjusted due to lower-than-expected net funds raised [3][4]. - The total planned investment for the "High-end Automotive Parts Intelligent Manufacturing Project (Phase II)" is RMB 1,002.73 million, while the "Automotive Parts Intelligent Manufacturing European Production Base Project" is RMB 438.27 million [5][6]. Reasons for Delay - The delay is attributed to changes in the macro environment and market demand, particularly influenced by geopolitical factors such as the Russia-Ukraine conflict and the European energy crisis [5][6]. - The company aims to optimize resource allocation and align project timelines with future development needs [5][6]. Measures for Project Completion - The company will adhere to regulatory requirements and closely monitor market changes to ensure timely completion of the projects [6][7]. - The board and supervisory committee have approved the delay, confirming that it does not harm the interests of the company or its shareholders [7][8]. Regulatory Compliance - The delay has been reviewed and approved by both the board and the supervisory committee, ensuring compliance with relevant regulations [7][8].

Group 1 - The board of directors of Nanjing QuanFeng Automotive Precision Technology Co., Ltd. held its 30th meeting of the third session on July 30, 2025, via communication, with all 7 directors present, confirming the legality and validity of the meeting [1][2] - The board approved the proposal to postpone the timeline for the non-public offering of shares fundraising projects, specifically extending the expected operational status dates for the "High-end Automotive Parts Intelligent Manufacturing Project (Phase II)" and the "Automotive Parts Intelligent Manufacturing European Production Base Project" [1][2] - The voting results for the proposal were unanimous, with 7 votes in favor, 0 against, and 0 abstentions, and the sponsor, China International Capital Corporation, provided verification opinions [2]

（编辑 任世碧） 证券日报网讯 7月30日晚间，泉峰汽车发布公告称，公司于2025年7月30日召开第三届董事会第三十次 会议、第三届监事会第二十一次会议，审议通过《关于非公开发行股票募投项目延期的议案》。公司 2022年非公开发行股票募投项目"高端汽车零部件智能制造项目（二期）""汽车零部件智能制造欧洲生 产基地项目"原本预计分别于2025年7月份、2025年11月份达到预定可使用状态，现结合实际情况，在募 集资金投资用途、募投项目投资总额、实施主体、实施方式不发生变更的情况下，对项目达到预定可使 用状态的时间进行调整，将"高端汽车零部件智能制造项目（二期）""汽车零部件智能制造欧洲生产基 地项目"达到预定可使用状态的日期分别延期至2026年7月份、2026年11月份。 ...

Group 1 - The core point of the article is the issuance and management of convertible bonds by Nanjing Chervon Auto Precision Technology Co., Ltd, detailing the bond's terms, financial implications, and the company's financial performance [2][3][17] - The total amount approved for the issuance of convertible bonds is RMB 620 million, which was confirmed by the China Securities Regulatory Commission on July 29, 2021 [2][3] - The bonds were issued on September 14, 2021, with a total of 6.2 million bonds at a face value of RMB 100 each, raising a net amount of RMB 609.74 million after deducting issuance costs [3][4][21] Group 2 - The bond has a maturity period of 6 years, from September 14, 2021, to September 13, 2027, with an annual interest rate that increases from 0.4% in the first year to 3.0% in the sixth year [4][10] - The initial conversion price for the bonds is set at RMB 23.03 per share, with provisions for adjustments based on various corporate actions [6][7] - The company reported a net profit attributable to shareholders of RMB -5.17 billion for the year 2024, indicating a decline in profitability despite a revenue increase of 7.9% to RMB 2.30 billion [20][24] Group 3 - The funds raised from the bond issuance are allocated to a high-end automotive parts intelligent manufacturing project, with a total investment of RMB 1.05 billion, of which RMB 620 million is sourced from the bond proceeds [18][21] - As of December 31, 2024, the company has utilized all the raised funds, with no remaining balance, and the project has reached its intended operational status [22][25] - The company has established a dedicated account for managing the raised funds, ensuring compliance with regulatory requirements and proper oversight [25][27]