Securities Code: 301323
Securities Abbreviation: Xinlefu
Announcement No.: 2026-035
Guangzhou Xinlefu New Materials Co., Ltd.
Announcement on Postponement of Partial Raised Fund Projects, Change of Fund Usage for Partial Raised Fund Projects, and Use of Excess Raised Funds for New Projects
The Company and all members of the Board of Directors guarantee that this announcement contains no false representations, misleading statements, or significant omissions, and they shall bear legal responsibility for the truthfulness, accuracy, and completeness of this announcement.
Key Information Prompt:
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Postponement of Partial Raised Fund Projects: The planned date for the "Sensitive Resistor Capacity Expansion Project" to reach the pre-determined usable state is postponed from October 2027 to October 2028.
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Change in Fund Usage for Partial Raised Fund Projects: The project investment and raised fund usage scale for the "Sensitive Resistor Capacity Expansion Project" will be adjusted from RMB 25,000,000,000 to RMB 13,600,000,000. The reduced RMB 11,400,000,000 and RMB 11,517.64 million of excess raised funds will be concentrated into the new project "Industrialization of Electronic Special Micro-nano Powder Materials Project." The shortfall in raised funds will be covered by the Company's own capital.
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On July 15, 2026, the Company held the 21st meeting of the Second Board of Directors, which deliberated and approved the "Proposal on Postponement of Partial Raised Fund Projects, Change of Fund Usage for Partial Raised Fund Projects, and Use of Excess Raised Funds for New Projects." This matter still requires submission to the Company's shareholders' meeting for deliberation.
I. Basic Situation of Raised Funds and Investment Projects
(I) Basic Situation of Raised Funds
According to the "Approval on the Registration of Guangzhou Xinlefu New Materials Co., Ltd.'s Initial Public Offering of Shares" (CSRC License [2023] No. 527) issued by the China Securities Regulatory Commission, the Company issued 26,230,723 shares of common stock (A shares) for the first time in June 2023, with an issue price of RMB 39.06 per share. The total amount of raised funds was RMB 1,024,572,000. After deducting issuance expenses (excluding tax), the net amount of raised funds was RMB 945,176,400.
Tianjian Certified Public Accountants (Special General Partnership) has audited the Company's raised fund receipt situation and issued the "Tianjian Audit (2023) No. 5-8" report on May 31, 2023, confirming the receipt of raised funds.
(II) Basic Situation of Raised Fund Investment Projects
According to the "Guangzhou Xinlefu New Materials Co., Ltd. Prospectus for Initial Public Offering of Shares and Listing on the ChiNext Market," the Company planned to issue no more than 26.2307 million shares of RMB common stock (A shares). After deducting issuance expenses, the raised funds will be used entirely for projects related to the Company's main business in order of priority. The specific investment projects are as follows:
| No. | Project Name | Project Investment (RMB million) | Planned Raised Fund Usage (RMB million) |
|---|---|---|---|
| 1 | Integrated Functional Material Production Base Construction Project | 30,000.00 | 30,000.00 |
| 2 | New Rare Earth Permanent Magnet Material Production Line Construction Project | 13,000.00 | 13,000.00 |
| 3 | Sensitive Resistor Capacity Expansion Project | 25,000.00 | 25,000.00 |
| 4 | R&D Center Upgrade Construction Project | 15,000.00 | 15,000.00 |
| Total | 83,000.00 | 83,000.00 |
Due to the net amount of raised funds from the initial public offering being higher than the planned investment amount for the raised fund projects, the scale of excess raised funds obtained by the Company in this initial public offering is RMB 11,517.64 million.