Sino-Fluorine Materials Co., Ltd.
2025 Special Report on the Storage and Use of Raised Funds
The Company and all members of its Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or significant omissions.
I. Basic情况 of Raised Funds
(I) Basic情况 of Raised Funds from the 2021 Private Placement
Approved by the China Securities Regulatory Commission (CSRC) document [2021] No. 313, "Approval for Sino-Fluorine Chemical Co., Ltd. to Conduct Private Placement of Shares," Sino-Fluorine Materials Co., Ltd. (hereinafter referred to as the "Company") issued 69,277,108 ordinary shares (A shares) at a par value of RMB 1 per share to specific investors through its lead underwriter, China Fortune Securities Co., Ltd., on April 13, 2021. The issue price was RMB 16.60 per share. As of April 28, 2021, the Company had raised a total of RMB 1,149,999,992.80 in cash. After deducting issuance-related expenses of RMB 8,618,634.26, the net amount of raised funds was RMB 1,141,381,358.54.
As of April 28, 2021, all funds raised from the aforementioned issuance had been received. This was confirmed by a capital verification report No. "Dahua Verification [2021]000298" issued by Dahua Certified Public Accountants (Special General Partnership).
As of December 31, 2025, the Company had invested a cumulative RMB 108,253.90 in raised fund projects. This includes: RMB 2,255.39 million invested by the Company using its own funds prior to the receipt of raised funds; and RMB 105,998.51 million invested using raised funds from May 13, 2021, to December 31, 2025 (including RMB 34,871.55 million for the permanent replenishment of working capital). The raised fund accounts accrued interest totaling RMB 636.22 million. RMB 0.00 million of idle raised funds were temporarily used to supplement working capital. As of December 31, 2025, the balance of raised funds was RMB 6,520.46 million.