Securities Code: 301309 Securities Abbreviation: Winderful Announcement Number: 2026-026
Announcement on Re-evaluation and Extension of Some Fundraising Projects
The company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
Zhejiang Winderful Fluid Equipment Technology Co., Ltd. (hereinafter referred to as the "Company") held its sixth meeting of the fourth board of directors on June 22, 2026, and reviewed and approved the "Proposal on Re-evaluation and Extension of Some Fundraising Projects." The proposal agrees to adjust the expected date of reaching the state of readiness for use for the fundraising projects "Annual Production of 100 Million Valves and Hardware Products" and "R&D Center Construction Project" based on the actual progress of the current fundraising investment projects (hereinafter referred to as "fundraising projects"). This extension of some fundraising projects is within the scope of the board of directors' approval authority and does not require submission to the shareholders' meeting for deliberation. The relevant matters are hereby announced as follows:
I. Basic Situation of Raised Funds
Upon approval of the "Approval on the Registration of the Initial Public Offering of Shares of Zhejiang Winderful Fluid Equipment Technology Co., Ltd." (Zhengjian Permit [2022] No. 1241) by the China Securities Regulatory Commission, the Company issued 25,000,000.00 ordinary shares (A shares) to the public for the first time at an issue price of RMB 39.00 per share. The total amount of capital raised was RMB 975,000,000.00. After deducting underwriting and sponsorship fees of RMB 75,075,000.00 (excluding tax), the raised funds amounted to RMB 899,925,000.00. After deducting all issuance expenses, the net amount of raised funds was RMB 861,313,391.40, of which the over-raised funds were RMB 341,814,891.40. These raised funds were all received on September 13, 2022, and were verified by Tianjian Certified Public Accountants (Special General Partnership), who issued the "Tianjian Verification (2022) No. 474" Capital Verification Report. The Company manages the raised funds through special accounts.
II. Situation of Fundraising Investment Projects
(I) Basic Situation of Fundraising Investment Projects
The Company's fundraising investment projects and the planned investment amounts are as follows:
| Serial No. | Project Name | Total Project Investment (RMB 10,000) | Cumulative Investment as of May 31, 2026 (RMB 10,000) | Investment Progress (%) |
|---|---|---|---|---|
| 1 | Annual Production of 100 Million Valves and Hardware Products | 49,486.57 | 36,591.68 | 73.94% |
| 2 | Annual Production of 42 Million Valves and Hardware Expansion Project (Vietnam) | 6,860.00 | 6,412.32 | Completed |
| 3 | R&D Center Construction Project | 4,505.41 | 350.91 | 7.79% |
| 4 | New Annual Production of 28 Million Valves and Hardware Production Line Construction Project | 15,726.92 | 15,682.01 | Completed |
| Total | 76,578.90 | 59,036.92 |
Note: The total investment of the "New Annual Production of 28 Million Valves and Hardware Production Line Construction Project" is USD 22 million. Converted to RMB at the exchange rate of 7.1486 RMB/USD on the date of review and approval by the third board of directors, the total RMB investment is RMB 15,726.92 million.
(II) Status of Raised Funds Deposit and Account Balance
As of May 31, 2026, the balance of the Company's special accounts for raised funds in various banks totaled RMB 201,345,813.67. The details of each account are as follows: