Summary of Key Points Core Viewpoint - Hunan Taijia New Materials Technology Co., Ltd. has signed a tripartite supervision agreement for the management of raised funds and has canceled the special account for raised funds, following the approval for a specific stock issuance to raise a total of RMB 608.0562 million [1][2]. Group 1: Fundraising Overview - The company issued 37,557,516 shares at a price of RMB 16.19 per share, raising a total of RMB 608.0562 million, with a net amount of RMB 585.5516 million after deducting issuance costs [1]. - As of June 30, 2025, the actual investment in the projects funded by the raised capital was RMB 33,272.37 million, with the total planned investment amounting to RMB 68,675.42 million [1]. Group 2: Fund Management and Supervision - The company established a special account for the management of raised funds and signed a tripartite supervision agreement with the sponsor and a commercial bank to ensure the funds are used appropriately [3][4]. - The agreement stipulates that the funds in the special account are exclusively for the construction of the hard alloy band saw blade production line and cannot be used for other purposes [3][4]. Group 3: Cancellation of Special Account - The company has transferred all remaining funds from the canceled special account, including interest income, to a new special account designated for the same project [2][7]. - The cancellation of the special account was completed in accordance with the relevant regulations, and the corresponding supervision agreement has also been terminated [7]. Group 4: Current Status of Fund Accounts - As of the announcement date, the company has opened and maintained several special accounts for various projects, including those for working capital and renewable energy production bases [7].

Fundraising Overview - The company raised a total of RMB 21,280.00 million from its initial public offering in January 2017, with a net amount of RMB 17,620.00 million after deducting issuance costs [1] - In September 2023, the company issued 37,557,516 shares at RMB 16.19 per share, raising RMB 60,805.62 million, with a net amount of RMB 58,555.16 million after costs [2] Fund Utilization - As of June 30, 2025, the total amount utilized from the initial public offering funds was RMB 17,620.00 million, with a balance of RMB 0 in the special account [2][3] - The funds raised from the specific issuance have been utilized for various projects, totaling RMB 585,551,637.96, with a difference of RMB 7,748,195.48 attributed to cash management income and fees [3] Fund Management - The company has established a fundraising management system in compliance with relevant laws and regulations, ensuring that funds are used only for disclosed projects [4] - All fundraising accounts related to the initial public offering have been closed as of June 30, 2025, and the company has signed tripartite agreements with its sponsor and banks for fund supervision [5][6] Project Adjustments - The company has decided to postpone the construction of the "High-Speed Steel Bimetal Band Saw Blade Production Line" and "Hard Alloy Band Saw Blade Production Line" projects, with the expected completion date extended to September 20, 2026 [9] - The "Research and Development Center Construction Project" has been terminated due to significant changes in feasibility, with unutilized funds remaining in the special account [9] Cash Management - The company has approved the use of temporarily idle fundraising for cash management, investing in low-risk, liquid financial products with a maturity of no more than 12 months [9]