Sanhe Tongfei Refrigeration Co., Ltd. (hereinafter referred to as "Tongfei股份" or "the Company") plans to issue shares to specific objects to raise funds to meet the capital needs of its business development, enhance its profitability and risk resistance capabilities. The Company has compiled the "Sanhe Tongfei Refrigeration Co., Ltd. 2026 Annual Report on Feasibility Analysis of Fund Raising for Issuing Shares to Specific Objects (Revised Draft)" (hereinafter referred to as "this Report").
Unless otherwise specified, the terms used in this Report have the same meanings as in the "Sanhe Tongfei Refrigeration Co., Ltd. 2026 Annual Plan for Issuing Shares to Specific Objects (Revised Draft)".
I. Plan for the Use of Raised Funds
The total amount of funds to be raised by the Company through the issuance of shares to specific objects shall not exceed RMB 1.14 billion (inclusive). After deducting issuance expenses, the net amount of raised funds will be invested in the following projects:
| Project No. | Project for Use of Raised Funds | Total Investment (RMB 100 million) | Amount of Raised Funds to be Invested (RMB 100 million) |
|---|---|---|---|
| 1 | Southern Headquarters and Industrial Cooling Equipment and Components Project | 6.00 | 6.00 |
| 2 | Sanhe Tongfei Refrigeration Co., Ltd. Liquid Cooling Temperature Control Project | 3.00 | 3.00 |
| 3 | Supplementary Working Capital | 2.40 | 2.40 |
| Total | 11.40 | 11.40 |
Before the raised funds for the issuance of shares to specific objects are in place, the Company will use its own funds or self-raised funds to invest in the projects according to their actual progress, and will replace them according to the procedures stipulated by relevant laws and regulations after the raised funds are in place.
If the net amount of raised funds after deducting issuance expenses is less than the amount of raised funds to be invested in the above projects, the shortfall will be resolved by the Company with its own funds or self-raised funds.
II. Background and Purpose of Issuing Shares to Specific Objects
(I) Background of Issuing Shares to Specific Objects
- Industrial temperature control is an important guarantee for the upgrading of China's manufacturing industry and a key support for the development of new quality productive forces in China. National industrial policies strongly support the high-quality development of temperature control technology and its downstream applications.
Industrial temperature control technology, as a highly efficient and energy-saving temperature control solution, can efficiently dissipate a large amount of heat generated during the operation of high-power, high-density, and high-precision equipment, ensuring their stable and reliable operation. It is a key foundational technology supporting the high-quality development of strategic emerging industries such as new energy, industrial production, new materials, integrated circuits, and semiconductors. Therefore, the industrial temperature control industry, represented by liquid cooling technology, has important strategic significance for promoting the transformation and upgrading of the national economy and the sustained and rapid development of new quality productive forces, and has received strong support from national industrial policies.