Stock Code: 300040 Stock Abbreviation: Jiuzhou Group Announcement No.: 2026-058
Harbin Jiuzhou Group Co., Ltd. Feasibility Analysis Report on the Use of Proceeds from the 2026 Issuance of Shares to Specific Targets via Simplified Procedure
To meet the capital requirements for the business development of Harbin Jiuzhou Group Co., Ltd. (hereinafter referred to as "Jiuzhou Group" or the "Company") and to further enhance the Company's capital strength and profitability, the Company proposes to raise funds through the issuance of A-shares to specific targets via a simplified procedure (hereinafter referred to as the "Issuance"), in accordance with the Company Law, the Securities Law, and the Administrative Measures for the Registration of Securities Issuance by Listed Companies issued by the China Securities Regulatory Commission.
The Board of Directors' feasibility analysis on the use of proceeds from this Issuance is as follows:
- Investment Plan for the Use of Proceeds
The total amount of funds raised from this issuance of shares to specific targets via a simplified procedure shall not exceed 300 million RMB (inclusive). After deducting relevant issuance expenses, the funds will be applied to the following projects:
Unit: 10,000 RMB
| No. | Project Name | Total Project Investment | Amount of Proceeds to be Invested |
|---|---|---|---|
| 1 | Bin County Jiuzhou No. 3 50MW Wind Power Project | 26,416.70 | 12,000.00 |
| 2 | Bin County Jiuzhou No. 4 50MW Wind Power Project | 18,887.33 | 12,000.00 |
| 3 | Supplementing Working Capital | - | 6,000.00 |
| Total | 45,304.03 | 30,000.00 |
Before the proceeds from this Issuance are received, the Company will invest its own funds based on the actual progress of the proposed investment projects and will replace them in accordance with the procedures stipulated by relevant regulations after the proceeds are received. If the actual net proceeds after deducting issuance expenses are less than the total amount proposed to be invested, the Company will adjust and finalize the investment amount and usage arrangements within the scope of the aforementioned projects based on actual progress and capital needs, with any shortfall to be covered by the Company's self-raised funds.
- Necessity and Feasibility of the Investment Projects
(1) Necessity and Feasibility of Wind Power Project Construction
- Necessity of Wind Power Project Construction
(1) Responding to National Dual-Carbon Goals and Facilitating Energy Structure Transformation
Currently, China is continuously advancing its "Carbon Peaking and Carbon Neutrality" strategy, accelerating the replacement of traditional fossil fuels, and building a new type of clean power system. Green and low-carbon energy transformation is the core theme of industry development. As a clean energy source with mature technology, large development scale, and significant environmental benefits, wind power is a core pillar for optimizing the domestic energy structure and reducing carbon emissions in the power industry. The decentralized wind power development model, which focuses on local development and utilization, can effectively reduce long-distance transmission losses and improve regional energy efficiency. The implementation of these projects aligns with national top-level planning for energy transformation and green development, serving as a necessary measure for the Company to actively respond to national strategies, fulfill green social responsibilities, and assist in regional clean energy substitution.
(2) Adapting to Industry Trends and Seizing Development Opportunities
Following the Heilongjiang Province new energy industry layout plan, the province is focusing on building the Ha-Da-Qi-Sui new energy industry belt and the eastern clean energy cluster. Simultaneously, the "Rural Wind Power Action" is being implemented, positioning decentralized wind power as a key track for the new power system. The industry is in a window period for large-scale layout, with broad development space in counties and industrial parks. Once completed and put into operation, these projects will effectively supplement regional power supply while helping the Company seize industry opportunities and consolidate its regional market advantages.