Overview of Fund Utilization
Following the approval of the 23rd interim meeting of the third board of directors and the second interim shareholders' meeting of 2025, the company plans to issue no less than 72,978,347.74 shares and no more than 115,906,787.00 shares of RMB ordinary shares (excluding the number of shares issued upon the exercise of the over-allotment option). The funds raised from this public offering, after deducting issuance costs, will be fully used for projects related to the company's main business. The specific project details are as follows:
| No. | Project Name | Total Investment Amount | Amount of Raised Funds | Filing Status | Environmental Assessment Status |
|---|---|---|---|---|---|
| 1 | Changsha New OLED R&D Upgrade Project | 303,113.26 | 250,000.00 | LJK20250101 | Liuhuan Letter [2025] No. 19 |
| 2 | Changsha Oxide R&D and Industrialization Project | 300,007.36 | 300,000.00 | LJK2025098 | Changhua Environmental Assessment [2025] No. 10 |
| 3 | Mianyang Mini-LED Intelligent Manufacturing Project | 254,455.17 | 200,000.00 | Sichuan Investment Filing [2501-510703-04-01-186380] FGQB-0009 | Mianyang Environmental Approval [2026] No. 32 |
| 4 | Supplement Working Capital and Repay Bank Loans | 100,000.00 | 100,000.00 | - | - |
| Total | 957,575.79 | 850,000.00 | - | - |
The investment projects funded by this fundraising comply with national industrial policies and the company's development strategy, closely aligning with the company's main business. This will help the company consolidate and enhance its market position in the semiconductor display industry. Additionally, through the implementation of these projects, the company will further increase its investment in R&D for new technologies and products, improve innovation capabilities, and enhance core competitiveness.
Specifics of Fund Investment Projects
(1) Changsha New OLED R&D Upgrade Project
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Project Overview This project aims to develop production solutions for OLED display panels through the introduction of professional technical personnel, procurement of related equipment, and implementation of specialized R&D topics, providing technical support for the mass production of OLED products. The implementation of this project will further enhance the company's technical reserves and industry influence in the OLED display technology field. The specialized R&D topics mainly include the development of raw material solutions for OLED, construction of OLED development platforms, development of TFT devices and structures for OLED, production equipment solutions for OLED, research on advanced OLED technologies, and core patent layout. The project will be implemented by Changsha Huike.
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Relationship with the Issuer's Main Business and Core Technology This project primarily focuses on the R&D of production solutions for OLED display panels, enhancing the company's competitive advantage in OLED display technology and providing technical support for the mass production of OLED products, further improving the company's comprehensive layout of multiple technology routes in the new semiconductor display field.
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Project Investment Estimate The total investment for this project is 303,113.26 million RMB, detailed as follows: