Anhui Fulede Technology Development Co., Ltd. Feasibility Analysis Report on the Use of Funds Raised from Issuing Convertible Corporate Bonds to Unspecified Targets
August 2026
To enhance the company's core competitiveness and profitability, Anhui Fulede Technology Development Co., Ltd. (hereinafter referred to as "the Company") plans to issue convertible corporate bonds to unspecified targets to raise funds. The Board of Directors' analysis on the necessity and feasibility of using the raised funds for this issuance of convertible corporate bonds is as follows:
I. Use of Raised Funds Plan
The total amount of funds to be raised from the issuance of convertible corporate bonds to unspecified targets shall not exceed RMB 117,600.00 million (including the principal amount). After deducting issuance expenses, the funds will be used for the following projects:
| No. | Project Name | Total Project Investment (RMB million) | Raised Funds Investment (RMB million) |
|---|---|---|---|
| 1 | Dalian Fulede Precision Cleaning and Regeneration Service Production Line Project | 14,000.00 | 7,400.00 |
| 2 | Precision Cleaning and Regeneration Service Base (Shanghai Lingang) Project | 35,000.00 | 32,350.00 |
| 3 | Semiconductor Equipment Precision Regeneration and Ceramic Substrate Project (Phase I) | 14,346.02 | 10,250.00 |
| 4 | Precision Cleaning and Regeneration Service Base (Shenzhen) Project | 35,000.00 | 22,650.00 |
| 5 | Semiconductor Equipment High-Process Precision Component Repair Project (400,000 units/year) | 10,000.00 | 8,050.00 |
| 6 | Precision Cleaning and Regeneration Service Base (Wuhan) Project | 20,323.64 | 18,000.00 |
| 7 | Precision Component Production, Maintenance, and Regeneration Project | 30,000.00 | 18,900.00 |
| Total | 158,669.66 | 117,600.00 |
Note: The above planned raised funds investment amount has deducted RMB 9,600 million for financial investment.
Before the raised funds for this issuance are in place, the Company will proactively invest its own funds or funds raised through other means based on the importance and urgency of the investment projects. These funds will be replaced according to relevant laws and regulations after the raised funds are in place.
If the actual raised funds (after deducting issuance expenses) are less than the total planned investment, the Board of Directors, with authorization from the shareholders' meeting, or its authorized personnel, will arrange the specific use of the raised funds based on the importance and urgency of the investment projects. Any shortfall will be resolved through the Company's own funds or other financing channels.
Without altering the premise of the investment projects, the Board of Directors may make appropriate adjustments to the order and amount of raised fund investment based on the actual project needs.
II. Analysis of the Necessity and Feasibility of the Raised Funds Investment Projects
(I) Project Basic Information
This fundraising project will be implemented through 7 sub-projects with a total investment of RMB 158,669.66 million.
The raised funds of RMB 117,600.00 million will be used for projects located in Dalian, Shanghai, Shaoxing, Shenzhen, Tongling, Wuhan, and Beijing.
(II) Necessity of Project Implementation
- Seizing Opportunities in Downstream Industry Development and Strengthening Competitive Advantages