Company Statement
This plan is prepared in accordance with the "Company Law of the People's Republic of China," the "Securities Law of the People's Republic of China," and the "Administrative Measures for the Registration of Securities Issuances by Listed Companies."
The Company and all directors and senior management personnel hereby guarantee that this plan contains no false records, misleading statements, or significant omissions, and that the information disclosed is true, accurate, and complete.
This plan is a statement by the Company's board of directors regarding the issuance of shares to specific objects via simplified procedures. Any statement inconsistent with this plan is untrue. The matters described in this plan do not represent the substantive judgment, confirmation, or approval of the approval authorities regarding the issuance of shares to specific objects via simplified procedures. The effectiveness and completion of the matters described in this plan are subject to review and approval by the Shenzhen Stock Exchange and registration with the China Securities Regulatory Commission.
Any decision made by securities regulatory authorities and other government departments regarding this issuance does not constitute a substantive judgment or guarantee of the value of the securities issued by the Company or the returns for investors. Any statement to the contrary is a false and untrue statement.
Upon completion of this issuance of shares to specific objects via simplified procedures, the Company shall be responsible for any changes in its operations and earnings. Investors shall be responsible for any investment risks arising from this issuance of shares to specific objects via simplified procedures.
Investors with any questions should consult their own securities broker, lawyer, accountant, or other professional advisor.
Special Notice
The terms or abbreviations used in this section have the same meaning as defined in the "Definitions" section of this plan.
I. The issuance of shares to specific objects via simplified procedures has been authorized by the Company's 2025 Annual General Meeting for implementation by the Board of Directors. The issuance plan and related matters have been reviewed and approved by the 28th meeting of the fourth Board of Directors, and are subject to review and approval by the Shenzhen Stock Exchange and registration with the China Securities Regulatory Commission.
II. The number of recipients for this issuance of shares to specific objects via simplified procedures shall not exceed 35, and shall be legal entities, natural persons, or other lawful investment organizations that meet the conditions stipulated by the China Securities Regulatory Commission. Where a fund management company, securities company, qualified foreign institutional investor, or qualified domestic institutional investor subscribes with more than two products under its management, it shall be considered one subscriber. A trust company subscribing as an issuer shall only use its own funds for the subscription.
III. The total amount of capital to be raised in this issuance shall not exceed RMB 23,600.00 million (inclusive). After deducting issuance expenses, the net proceeds from the issuance will be used for the following projects:
| Item No. | Project Name | Total Project Investment | Net Proceeds to be Used |
|---|---|---|---|
| 1 | Annual production of 8,000 tons of supercritical micro-porous foaming material technology upgrade project | 22,000.00 | 21,300.00 |
| 2 | Supplementing working capital | 2,300.00 | 2,300.00 |
| Total | 24,300.00 | 23,600.00 |
Prior to the issuance proceeds becoming available, the Company may make advance investments using its own funds, bank loans, or other methods based on project progress and funding requirements. Such advance investments will be reimbursed from the issuance proceeds in accordance with relevant regulations. If the net proceeds from this issuance are insufficient to cover the aforementioned expenses, the shortfall will be covered by the Company's own funds.