Guotou Securities Co., Ltd. (hereinafter referred to as "Guotou Securities" or "the Sponsor") is the continuous supervision sponsor for Jiangsu Pacific Precision Forging Technology Co., Ltd. (hereinafter referred to as "Precision Forging Technology" or "the Company") in its issuance of convertible bonds to unspecified objects in 2023. In accordance with relevant regulations, Guotou Securities has conducted a prudent verification of the matters concerning the reduction of implementing entities and locations for certain fundraising investment projects of Precision Forging Technology. The specific situation is as follows:
1. Basic Situation of Fundraising
Approved by the China Securities Regulatory Commission with document [2023] No. 45, and with the consent of the Shenzhen Stock Exchange, the Company issued 9.8 million convertible bonds at a price of RMB 100 per bond on February 15, 2023, with a total issuance amount of RMB 98 million. As of February 21, 2023, the Company raised a total of RMB 98 million, with a net amount of RMB 96.81274 million after deducting issuance costs of RMB 1.18726 million (excluding tax). The net amount of the raised funds has been verified by Deloitte Touche Tohmatsu CPA Ltd. with verification report No. 110ZC00070 on February 22, 2023. The Company manages the raised funds in a dedicated account.
2. Progress of Fundraising Investment Projects
As of March 31, 2026, the total amount invested from the funds raised through the issuance of convertible bonds in 2023 has reached RMB 83.06796 million. The usage progress of the fundraising investment projects is as follows:
| No. | Project Name | Total Commitment Amount | Adjusted Investment Amount | Amount Invested as of March 31, 2026 | Investment Progress |
|---|---|---|---|---|---|
| 1 | Industrialization Project of Electric Drive Components for New Energy Vehicles | 74,000.00 | 74,000.00 | 60,232.49 | 81.40% |
| 2 | Repayment of Bank Loans | 24,000.00 | 22,812.74 | 22,835.47 | 100.10% |
| Total | 98,000.00 | 96,812.74 | 83,067.96 | 85.80% |