Hunan Hualian Ceramics Co., Ltd. (hereinafter referred to as "the Company" or "Hualian Ceramics") held the ninth meeting of the sixth board of directors on June 4, 2026, where it reviewed and approved the proposal regarding the postponement of certain fundraising investment projects. The Company agreed to extend the expected completion date for the "Daily Ceramic Production Line Technology Renovation Project" to June 30, 2027, without changing the implementation entity, method, project purpose, or investment scale. The sponsor issued a non-objection verification opinion.
According to the "Regulations on the Supervision of Fundraising by Listed Companies" and the "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 1 - Standard Operations for Main Board Listed Companies," this postponement falls within the board's approval authority and does not require submission to the shareholders' meeting for deliberation. The specific situation is announced as follows:
- Basic Situation of Fundraising
Approved by the China Securities Regulatory Commission in the "Approval of Hunan Hualian Ceramics Co., Ltd. for Initial Public Offering of Stocks" (Document No. [2021] 2802), the Company publicly issued 62,966,700 shares of ordinary shares (A shares), raising a total of RMB 589,997,979.00. After deducting related expenses of RMB 57,318,867.92 (excluding VAT), the actual net amount raised was RMB 532,679,111.08. The status of the raised funds has been verified by Tianjian Certified Public Accountants (Special General Partnership) in verification report No. [2021] 2-40. The Company has opened a special account for the raised funds, implementing special account storage, and signed the "Tripartite Supervision Agreement on Fundraising" and "Quadripartite Supervision Agreement on Fundraising" with the bank where the account is opened and the sponsor.
According to the Company's "Initial Public Offering Prospectus," the construction progress of the fundraising investment projects is prioritized as follows:
| No. | Project Name | Total Investment (10,000 RMB) | Proposed Fundraising Amount (10,000 RMB) |
|---|---|---|---|
| 1 | Daily Ceramic Production Line Technology Renovation Project | 35,530.00 | 27,530.00 |
| 2 | Engineering Technology Center Construction Project | 14,670.00 | 14,670.00 |
| 3 | Ceramic New Materials Production Line Project | 6,150.00 | 2,067.91 |
| 4 | Supplementing Working Capital | 9,000.00 | 9,000.00 |
| Total | 65,350.00 | 53,267.91 |
On November 30, 2021, the Company held the sixteenth meeting of the fourth board of directors and the thirteenth meeting of the fourth supervisory board, where it reviewed and approved the proposal to adjust the content of certain fundraising investment projects and the proposed amount of fundraising. This was subsequently approved by the third extraordinary shareholders' meeting of 2021, agreeing to adjust the specific technical renovation project content and amount in the "Daily Ceramic Production Line Technology Renovation Project."
On August 18, 2022, the Company held the third meeting of the fifth board of directors and the second meeting of the fifth supervisory board, where it reviewed and approved the proposals to change part of the fundraising purpose and to use surplus fundraising for new technical renovation projects. This was also approved by the first extraordinary shareholders' meeting of 2022, agreeing to change the surplus fundraising for the "Ceramic New Materials Production Line Project" and the sub-project "Yuxiang No. 1 Factory Technical Renovation Project" to invest in the "Yibaili Ceramics Energy Comprehensive Utilization Energy Saving and Carbon Reduction Renovation Project."