Securities Code: 301219
Securities Abbreviation: Tengyuan Cobalt Industry
Announcement No.: 2026-041
Ganzhou Tengyuan Cobalt Industry New Material Co., Ltd.
Announcement on Changes to Some Fundraising Investment Projects
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or significant omissions.
Ganzhou Tengyuan Cobalt Industry New Material Co., Ltd. (hereinafter referred to as "Tengyuan Cobalt Industry" or "the Company") held the Seventh Meeting of the Fourth Board of Directors on August 19, 2026, and reviewed and approved the "Proposal on Changes to Some Fundraising Investment Projects." It was agreed to make relevant adjustments to the Company's fundraising investment projects for its initial public offering of shares (hereinafter referred to as "fundraising projects").
East Asia Securities Co., Ltd. (hereinafter referred to as "the Sponsor") has issued a no-objection review opinion on this matter. The adjustment of fundraising projects involved in this instance does not constitute a related party transaction and needs to be submitted to the Company's First Extraordinary General Meeting of Shareholders in 2026 for review. The relevant matters are hereby announced as follows:
I. Basic Situation of Fundraising
As approved by the China Securities Regulatory Commission's "Approval on the Registration of Ganzhou Tengyuan Cobalt Industry New Material Co., Ltd.'s Initial Public Offering of Shares" (Zhengjian Permit [2021] No. 4042), and with the consent of the Shenzhen Stock Exchange, the Company, through the lead underwriter East Asia Securities Co., Ltd., issued ordinary shares (A shares) to the public via the Shenzhen Stock Exchange system on March 14, 2022, through a combination of targeted placement to strategic investors, offline inquiry-based placement to inquiry targets, and online subscription pricing. A total of 31.4869 million shares were issued at an offering price of RMB 173.98 per share. As of March 14, 2022, the Company had raised a total of RMB 5,478.0909 million. After deducting non-tax issuance expenses of RMB 274.3101 million (including previously paid issuance expenses), the net amount of raised funds was RMB 5,203.7808 million. The net amount of raised funds has been verified by the "Capital Verification Report" (Zhi Tong Yan Zi [2022] No. 351C000126) issued by Zhi Tong Certified Public Accountants (Special General Partnership). The Company has implemented dedicated account storage for the raised funds and has signed "Fundraising Fund Tripartite Supervision Agreements," "Fundraising Fund Quadrupartite Supervision Agreements," and "Fundraising Fund Quintipartite Supervision Agreements" with the account-opening banks and the sponsor.
II. Use of Raised Funds
(I) Basic Situation of Fundraising Investment Projects
According to the "Prospectus for the Initial Public Offering of Shares of Ganzhou Tengyuan Cobalt Industry New Material Co., Ltd. on the GEM Board," the Company's original fundraising projects were "Yearly Production of 20,000 Tons of Cobalt and 10,000 Tons of Nickel Series Products - Relocation Intelligent Technology Upgrade and Supporting Raw and Auxiliary Materials Production Project (Phase II)." The specific construction content includes utilizing cobalt intermediates, nickel intermediates, and lithium battery waste to achieve a yearly production of 13,500 tons of cobalt metal and 10,000 tons of nickel metal. The products include electro-deposited cobalt, nickel sulfate, manganese sulfate, lithium carbonate, and ternary precursors.
- First Change: Expansion of Fundraising Project Capacity and Addition of Supporting Projects (November 2022)
On November 30, 2022, the Company held the Fourth Meeting of the Third Board of Directors and the Fourth Meeting of the Third Supervisory Board. On December 19, 2022, the Company's Third Extraordinary General Meeting of Shareholders in 2022 deliberated and approved the Company's expansion of fundraising project capacity, addition of supporting projects, adjustment of fundraising project investment amounts, use of over-raised funds for increased investment, and adjustment of fundraising project implementation entities.