2026 Annual Issuance of A Shares to Specific Objects for Raised Fund Utilization Feasibility Analysis Report (Revised Draft)
Beijing Lirr High-temperature Materials Co., Ltd. (hereinafter referred to as the "Company") plans to issue A shares to specific objects. In accordance with the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Administrative Measures for the Registration of Issuance of Securities by Listed Companies," and the "Articles of Association," the Company has compiled the "Beijing Lirr High-temperature Materials Co., Ltd. 2026 Annual Issuance of A Shares to Specific Objects for Raised Fund Utilization Feasibility Analysis Report (Revised Draft)" (hereinafter referred to as "This Report").
Unless otherwise specified, the terms used in this Report have the same meaning as in the "Beijing Lirr High-temperature Materials Co., Ltd. 2026 Annual Issuance of A Shares to Specific Objects Pre-plan (Revised Draft)."
I. Plan for the Use of Raised Funds for This Issuance
The total amount of raised funds for this issuance to specific objects shall not exceed 102,543.56 million yuan (inclusive). After deducting issuance expenses, the net amount of raised funds will be fully invested in the following projects:
| No. | Project Name | Implementing Entity | Total Investment (Million Yuan) | Raised Fund Investment Amount (Million Yuan) |
|---|---|---|---|---|
| 1 | 30,000 tons/year Composite Zirconia and New Energy and Aerospace Zirconium-based Materials Project | Luoyang Function | 36,536.00 | 29,736.00 |
| 2 | Innovation and R&D Center Construction Project | Beijing Lirr | 26,047.41 | 23,717.41 |
| 3 | Vietnam Refractory Material Production Base Construction Project | Vietnam Lirr | 21,308.70 | 18,327.78 |
| 4 | Supplementing Working Capital | Beijing Lirr | 30,762.37 | 30,762.37 |
| Total | 114,654.48 | 102,543.56 |
Note: As of the announcement date of this Report, the Company has newly invested 901.00 million yuan in Gongqingcheng Dingxin Future Venture Capital Partnership (Limited Partnership). This investment is a financial investment made by the Company within six months prior to the relevant board resolution of this issuance. Therefore, it is deducted from the planned raised fund investment amount for this issuance. Consequently, the total amount of raised funds for this issuance has been reduced from no more than 103,444.56 million yuan to no more than 102,543.56 million yuan.
If the actual amount of raised funds upon completion of this issuance of shares to specific objects is less than the total planned investment amount for the projects, the Company's Board of Directors will, within the scope of the determined investment projects for this issuance, adjust and finally decide on the specific investment projects, priorities, and investment amounts for each project based on the actual amount of raised funds and the urgency of the projects. Any shortfall will be covered by the Company's own funds. If these projects require upfront capital investment before the raised funds are in place, the Company will make upfront investments using its own funds based on project needs, and will use the raised funds to reimburse the upfront self-raised funds upon their arrival.
II. Analysis of the Necessity and Feasibility of Raised Fund Investment Projects
(I) 30,000 tons/year Composite Zirconia and New Energy and Aerospace Zirconium-based Materials Project
- Project Background