Core Viewpoint - The company announced a fundraising of 985 million yuan through a private placement of shares in 2023, with plans to utilize the funds for operational needs and project developments [1] Fundraising Details - The actual net amount raised from the stock issuance was 985 million yuan [1] - As of November 30, 2025, the company had utilized 306 million yuan of the raised funds, leaving 698 million yuan (including interest) unutilized [1] Project Termination - The company will terminate the "Zhejiang Huzhou Annual Production of 6 Million Meters PHC Prestressed High-Strength Concrete Pile Intelligent Production Line Construction Project" in January and February 2025 [1] Fund Utilization and Repayment - Previously, 300 million yuan of idle funds was returned on December 15, 2025 [1] - On December 23, 2025, the board approved the use of up to 200 million yuan of idle funds to temporarily supplement working capital, with a usage period not exceeding 12 months, expected to save financial costs of approximately 6 million yuan [1]

Core Viewpoint - China Galaxy Securities Co., Ltd. serves as the sponsor and ongoing supervisory institution for Guangdong Sanhe Pile Co., Ltd.'s A-share issuance, with the supervision period lasting until December 31, 2024 [1] Group 1: Sponsor and Company Information - The sponsor is China Galaxy Securities Co., Ltd., located in Beijing, with a registered capital of 599,074,678 yuan [1] - The issuer, Guangdong Sanhe Pile Co., Ltd., has a stock code of 003037 and is based in Zhongshan, Guangdong Province [1] Group 2: Issuance Details - The specific issuance of stocks occurred on July 31, 2023, and the listing date was August 25, 2023, on the Shenzhen Stock Exchange [1] Group 3: Due Diligence and Ongoing Supervision - The sponsor conducted due diligence, prepared application documents, and cooperated with regulatory bodies during the issuance process [1] - Ongoing supervision includes ensuring compliance with operational norms, commitments, and information disclosure obligations [2] Group 4: Major Events and Handling - A delay in the investment project for the "Jiangsu Taixing PHC Prestressed High-Strength Concrete Pile Production Line" was reported due to macroeconomic fluctuations, leading to a revised timeline for project completion [4] - The termination of the "Zhejiang Huzhou Annual Production of 6 Million Meters PHC Prestressed High-Strength Concrete Pile Intelligent Production Line" project was approved due to local government planning adjustments, with remaining funds to be securely stored [4][5] Group 5: Cooperation and Evaluation - The issuer actively cooperated with the sponsor during both the due diligence and ongoing supervision phases, providing necessary documents and information [6] - The securities service institutions involved complied with legal requirements and provided timely professional reports and opinions [6] Group 6: Information Disclosure and Fund Usage - The sponsor reviewed the issuer's information disclosure system and found it compliant with relevant regulations during the ongoing supervision period [6] - The sponsor also verified the management of raised funds, confirming that the usage aligned with disclosed information [6][7] Group 7: Ongoing Responsibilities - The sponsor will continue to oversee the remaining raised funds until fully utilized, even after the official supervision period ends on December 31, 2024 [7]