Securities Code: 301355
Securities Abbreviation: Nanwang Technology
Announcement No.: 2026-030
Fujian Nanwang Environmental Protection Technology Co., Ltd.
Announcement on Adjusting the Total Investment of Raised Fund Projects, Changing the Use of Some Raised Fund Projects, and Postponing the Raised Fund Projects
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and that there are no false records, misleading statements, or material omissions.
Fujian Nanwang Environmental Protection Technology Co., Ltd. (hereinafter referred to as the "Company") held the third meeting of the fourth Board of Directors on July 15, 2026, and reviewed and approved the "Proposal on Adjusting the Total Investment of Raised Fund Projects, Changing the Use of Some Raised Fund Projects, and Postponing the Raised Fund Projects." It was agreed to adjust the total investment of the "Annual Output of 3.8 Billion Environmental Paper Products Project" (hereinafter referred to as the "Raised Fund Project") from RMB 500 million (of which, RMB 173.2725 million was from self-owned funds and RMB 326.7275 million was from raised funds) to RMB 300 million (of which, RMB 85 million was from self-owned funds and RMB 215 million from raised funds), and to change the use of some of the Raised Fund Project. It was also agreed to postpone the date when the Raised Fund Project is expected to be ready for use to September 30, 2026.
In accordance with the "Supervision Regulations for Raised Funds of Listed Companies" (hereinafter referred to as the "Supervision Regulations"), the "Shenzhen Stock Exchange Listed Company Self-Regulation Supervision Guidelines No. 2 - Standardized Operation of GEM Listed Companies" (hereinafter referred to as the "Standardized Operation Guidelines"), and other relevant regulations, this matter still needs to be submitted for review by the Company's shareholders' meeting. The specific details are hereby announced as follows:
I. Basic Situation of Raised Funds
With the approval of the China Securities Regulatory Commission's "Approval on the Registration of Fujian Nanwang Environmental Protection Technology Co., Ltd.'s Initial Public Offering of Shares" (Zheng Jian Xu Ke (2023) No. 518), and with the approval of the Shenzhen Stock Exchange, the Company issued 48.78 million shares of common stock (A shares) to the public for the first time at an issue price of RMB 17.55 per share. The total amount of raised funds was RMB 856,089,000.00. After deducting various issuance expenses, the net amount of raised funds was RMB 773,808,320.03, which was all in place on June 6, 2023. Dahua Certified Public Accountants (Special General Partnership) audited the capital verification of the raised funds from the initial public offering of shares on June 7, 2023, and issued the Capital Verification Report (Dahua Yan Zi (2023) No. 000209). The Company has managed the above-mentioned raised funds through dedicated accounts.
II. Use of Raised Funds
As of July 10, 2026, the specific use of raised funds for the "Annual Output of 3.8 Billion Environmental Paper Products Project" is as follows: