Securities Code: 300948
Bond Code: 123207
Securities Abbreviation: Guanzhong Ecology
Bond Abbreviation: Guanzhong Convertible
Announcement Number: 2026-034
Qingdao Guanzhong Ecological Co., Ltd.
Announcement on Terminating Part of Fundraising Projects and Permanently Supplementing Working Capital with Remaining Funds
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there is no false record, misleading statement, or major omission.
Qingdao Guanzhong Ecological Co., Ltd. (hereinafter referred to as the "Company") held the tenth meeting of the fifth Board of Directors on June 16, 2026. With 9 votes in favor, 0 votes against, and 0 abstentions, the meeting deliberated and approved the "Proposal on Terminating Part of Fundraising Projects and Permanently Supplementing Working Capital with Remaining Funds." The Company agreed to terminate the fundraising project "Shuikou County Historical Abandoned Mine Ecological Restoration Project Survey, Design and Construction General Contracting" for the issuance of convertible corporate bonds to unspecified targets (hereinafter referred to as "convertible bonds") and to permanently supplement the remaining raised funds to working capital. The fundraising investment amount involved in the "Shuikou County Historical Abandoned Mine Ecological Restoration Project Survey, Design and Construction General Contracting" project is RMB 140 million, accounting for 35.76% of the net amount of funds raised from the convertible bonds.
In accordance with the "Shenzhen Stock Exchange GEM Stock Listing Rules," "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guide No. 2 - Normative Operation of GEM Listed Companies," and the Company's "Rules for Holders of Convertible Corporate Bonds," the termination of part of the fundraising projects and the permanent supplementation of the remaining raised funds to working capital are subject to deliberation and approval by the Company's bondholders' meeting and the Company's shareholders' meeting.
The relevant details are hereby announced as follows:
I. Basic Situation of Raised Funds
The "Approval on the Registration of Qingdao Guanzhong Ecological Co., Ltd. for Issuing Convertible Corporate Bonds to Unspecified Targets" (Document No. [2023] 1384) issued by the China Securities Regulatory Commission approved the registration. On July 21, 2023, the Company issued 4,000,000 convertible bonds to unspecified targets, each with a face value of RMB 100. The total amount of raised funds was RMB 400,000,000. After deducting issuance expenses of RMB 8,500,943.39 (excluding VAT), the net amount of raised funds was RMB 391,499,056.61. Zhongxinghua Certified Public Accountants (Special General Partnership) audited the capital verification of the Company's convertible bonds on July 27, 2023, and issued the "Capital Verification Report on Qingdao Guanzhong Ecological Co., Ltd.'s Issuance of Convertible Corporate Bonds to Unspecified Targets" (Zhongxinghua Yan Zi [2023] No. 030023). The Company manages the raised funds in special accounts and has signed a "Three-Party Supervision Agreement for Raised Funds" with the account-opening bank and the sponsor.
II. Use of Raised Funds
As of June 11, 2026, the utilization of raised funds for the Company's convertible bond fundraising projects is as follows: