Securities Code: 301395
Securities Abbreviation: Renxin New Materials
Announcement No.: 2026-031
Huizhou Renxin New Materials Co., Ltd.
Announcement on the Completion of Investment Projects Funded by Raised Capital and the Use of Surplus Funds for New Projects
The company and its board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false representations, misleading statements, or material omissions.
Huizhou Renxin New Materials Co., Ltd. (hereinafter referred to as the "Company" or "Renxin New Materials") held the 19th meeting of the Third Board of Directors on July 30, 2026, and deliberated and approved the "Proposal on the Completion of Investment Projects Funded by Raised Capital and the Use of Surplus Funds for New Projects." The Company agreed to complete the following projects funded by its initial public offering of shares: "Expansion Project for 180,000 tons/year Polystyrene New Materials," "Huizhou Renxin New Materials Phase III Project," and "Polystyrene No. 1 and No. 2 Production Line Equipment Upgrade Project" (hereinafter referred to as the "Raised Capital Projects"). The Company plans to use the surplus raised capital of RMB 252.1709 million (including outstanding project final payments, warranty deposits, interest income, etc., with the final amount subject to the balance in the bank account on the day of fund transfer) to invest in the "128,000 tons/year low-cis-1,4-polybutadiene rubber (LCBR)/solution-polymerized styrene-butadiene rubber (SSBR) Project" and the "100,000 tons/year optical-grade PMMA resin New Materials Project" (hereinafter referred to as the "New Projects"). The implementation entity for the projects will be the Company's wholly-owned subsidiary, Huizhou Renxin Technology Development Co., Ltd. (hereinafter referred to as "Renxin Technology"). Wanhe Securities Co., Ltd. (hereinafter referred to as the "Sponsor") has issued a no-objection verification opinion on this matter. This matter still needs to be submitted for review at the Company's First Extraordinary General Meeting of Shareholders in 2026. The use of surplus raised capital to construct new projects does not involve related-party transactions and does not constitute a major asset restructuring. The specific details are hereby announced as follows:
I. Basic情况 of Raised Capital and Raised Capital Projects
(I) Basic情况 of Raised Capital
Upon the approval of the China Securities Regulatory Commission's "Approval on the Registration of Huizhou Renxin New Materials Co., Ltd.'s Initial Public Offering of Shares" (Zhengjian Xu Ke [2023] No. 545) and the Shenzhen Stock Exchange, the Company issued 36.23 million shares of RMB ordinary shares (A shares) at a price of RMB 26.68 per share, raising a total of RMB 966,616,400.00. After deducting issuance expenses of RMB 79,333,695.01 (excluding VAT), the net amount of raised capital is RMB 887,282,704.99, which was transferred to the Company's designated account on June 27, 2023. Xinyonghe Certified Public Accountants (Special General Partnership) audited the capital inflow of the initial public offering and issued the "Capital Verification Report" (XYZH/2023GZAA3B0134).
In accordance with the "Supervision Regulations on Raised Capital of Listed Companies" and other laws and regulations, the Company has made clear regulations on the storage, approval, use, management, and supervision of raised capital. Dedicated accounts have been established for raised capital, and supervision agreements have been signed with the dedicated account banks and the sponsor.
(II) Use of Raised Capital
According to the "Prospectus of Huizhou Renxin New Materials Co., Ltd. for Initial Public Offering of Shares and Listing on the GEM," the net amount of raised capital from the Company's initial public offering of shares, after deducting issuance expenses, was invested in the following projects: