Hwaway Technology Corporation Limited
Feasibility Analysis Report on the Use of Raised Funds for Issuing Convertible Bonds to Unspecified Targets (Revised Draft)
According to the development strategy of Hwaway Technology Corporation Limited (hereinafter referred to as "Hwaway Technology" or "the Company"), to further enhance the Company's profitability and core competitiveness, Hwaway Technology plans to issue convertible bonds to unspecified targets (hereinafter referred to as "this issuance") to raise funds. The feasibility analysis of the use of funds raised from the issuance of convertible bonds by the Company's Board of Directors is as follows:
I. Plan for the Use of Raised Funds
The total amount of funds to be raised from this issuance of convertible bonds shall not exceed RMB 575,000,000 (inclusive). After deducting issuance expenses, the entire amount will be used for the following projects:
| Project Name | Total Investment (RMB 10,000) | Raised Funds to be Invested (RMB 10,000) |
|---|---|---|
| 1 Nanjing Raw Material Production Base Project | 32,620.00 | 24,000.00 |
| 1.1 High-Strength Automotive Spring Steel Wire Project | 5,470.00 | 4,500.00 |
| 1.2 New Energy Vehicle High-Strength New Material Production Base Project | 27,150.00 | 19,500.00 |
| 2 Hwaway Technology Chongqing Production Base Project | 26,500.00 | 25,000.00 |
| 3 Hwaway Technology Automated Three-Dimensional Warehouse Technical Upgrade Project | 2,155.79 | 1,500.00 |
| 4 Supplement Working Capital | 7,000.00 | 7,000.00 |
| Total | 68,275.79 | 57,500.00 |