Securities Code: 301286
Securities Abbreviation: Qiaoyuan Shares
Announcement No.: 2026-056
Sichuan Qiaoyuan Gas Co., Ltd.
Announcement on Terminating Part of Raised Fund Investment Projects and Continuing to Deposit Remaining Raised Funds in Special Accounts
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and have no false records, misleading statements, or major omissions.
Sichuan Qiaoyuan Gas Co., Ltd. (hereinafter referred to as the "Company") held the second meeting of the sixth Board of Directors on August 20, 2026. The meeting deliberated and approved the "Proposal on Terminating Part of Raised Fund Investment Projects and Continuing to Deposit Remaining Raised Funds in Special Accounts." Based on the Company's actual operating conditions and future development plans, to ensure the effectiveness of raised fund utilization and protect the interests of all shareholders, the Board of Directors agreed to terminate the "1100TPD Nitrogen Recovery Environmental Protection and Energy Saving Technical Upgrade Project" and continue to deposit the remaining raised funds for this project in the Company's special account for raised funds for management. This proposal needs to be submitted to the Company's third extraordinary general meeting of shareholders in 2026 for deliberation. The relevant situation is hereby announced as follows:
I. Basic Situation of Raised Funds
As approved by the China Securities Regulatory Commission's "Approval on the Registration of Sichuan Qiaoyuan Gas Co., Ltd.'s Initial Public Offering of Shares" (Zhengjian Permit (2022) No. 578), the Company publicly issued 40.01 million ordinary shares of RMB ordinary shares (A shares) (hereinafter referred to as "this Offering") at an issue price of RMB 16.91 per share. The total amount of raised funds was RMB 676.5691 million. After deducting issuance expenses (excluding value-added tax), the net amount of raised funds was RMB 625.5117 million.
Dahua Certified Public Accountants (Special General Partnership) audited the capital verification of the raised funds for this Offering on June 8, 2022, and issued the "Capital Verification Report on Sichuan Qiaoyuan Gas Co., Ltd.'s Paid-in Capital After Issuing 40.01 Million Ordinary Shares of RMB Ordinary Shares (A Shares)" (Dahua Yan Zi [2022] No. 000333).
The Company implements a special account deposit system for raised funds. Upon receipt of the raised funds, they have all been deposited in the special account for raised funds approved by the Company's Board of Directors. The Company, its relevant subsidiaries, and the sponsor institution have signed the "Tripartite Supervision Agreement for Raised Funds" with the bank.
II. Situation of Raised Fund Investment Projects
As of June 30, 2026, the implementation status of the Company's raised fund investment projects is as follows:
| Raised Fund Investment Project | Total Raised Fund Investment (RMB million) | Cumulative Investment Amount (RMB million) | Investment Progress | Project Completion Date | Status |
|---|---|---|---|---|---|
| 1. 30TPD High-Purity Special Gas Technical Upgrade Project | 1,000.00 | 1,000.38 | 100.04% | February 28, 2023 | Completed |
| 2. 1100TPD Nitrogen Recovery Environmental Protection and Energy Saving Technical Upgrade Project | 10,000.00 | 3,708.53 | 37.09% | December 31, 2026 | To be terminated |
| 3. Ganmei Industrial Park Supporting Industrial Gas Project | 28,000.00 | 27,879.15 | 99.57% | April 30, 2022 | Completed |
| 4. Integrated Intelligent Management Platform | 2,000.00 | 627.46 | 31.37% | June 30, 2027 | In progress |
| 5. Supplementary Working Capital | 21,551.17 | 21,551.17 | 100.00% | Not applicable | Completed |
| Total |