1. Overview of the Use of Funds Raised from the Stock Issuance
Anhui Delixi Daily Glass Co., Ltd. (hereinafter referred to as "the Company" or "Delixi") intends to raise a total of no more than 818.1345 million RMB (including this amount) through a private placement of shares, with all funds after deducting issuance costs to be used for supplementing working capital, expanding business scale, optimizing business structure, and improving the asset-liability structure, thereby enhancing the Company's core competitiveness and risk resistance.
2. Necessity and Feasibility Analysis of the Fundraising
(1) Necessity of the Fundraising
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Acquisition of Control by the Issuance Target Yiyuan Aviation intends to gain control of the listed company through this issuance, leveraging core technologies, industrial resources, and project experience in high-end equipment manufacturing controlled by its actual controller, Huatian Co., Ltd. This will drive the listed company to break existing business boundaries, layout high-end manufacturing tracks, achieve business structure upgrades, and enhance asset value through "business expansion + resource integration + management empowerment."
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Supplementing Working Capital to Achieve Strategic Goals The supplementation of working capital or repayment of bank loans is a key measure for Delixi to anchor the trend of high-end and intelligent transformation in the daily glass industry and promote the implementation of strategic goals. Currently, the demand for high-end products in the industry is surging, and there is vast potential for intelligent upgrades. The Company aims to focus on technology research and development, capacity optimization, and market expansion as core strategic directions. Sufficient working capital will ensure continuous investment in high-end glass production process research and development, helping to overcome bottlenecks in yield rates from manual and mechanized production. Additionally, the supplementation of working capital will enhance the Company's ability to respond to market fluctuations and capture more market share in growing downstream demand areas, laying a solid foundation for the strategic transformation from a traditional manufacturer to a high-end intelligent green enterprise and promoting the steady implementation of the Company's long-term development strategy.