Statement
-
The company and the board of directors ensure that the contents of this proposal are true, accurate, complete, and do not contain any false statements or material omissions.
-
This proposal is prepared in accordance with the "Company Law of the People's Republic of China" and the "Regulations on the Administration of Registration of Companies" and other relevant laws and regulations.
-
After the issuance of stocks to specific objects, the company will bear its own responsibilities; the company is responsible for the risks arising from this issuance to specific objects.
-
This proposal is submitted by the board of directors to explain the issuance of stocks to specific objects. Any inquiries should be directed to the company's securities affairs representative, lawyer, or other professionals.
-
This proposal does not represent the company's approval of the issuance of stocks to specific objects and does not constitute a commitment to the issuance.
Important Notes
-
The terms used in this proposal regarding the issuance of stocks to specific objects are consistent with the definitions in this document.
-
The total amount to be raised from the issuance of stocks to specific objects will not exceed 298 million yuan (including tax), excluding related issuance expenses.
-
The funds raised will be used for the following projects:
| No | Project Name | Total Investment Amount | Amount Raised |
|---|---|---|---|
| 1 | High-Performance Resin Project | 25,068.58 million yuan | 21,800.00 million yuan |
| 2 | Bank Loans | 8,000.00 million yuan | 8,000.00 million yuan |
| Total | 33,068.58 million yuan | 29,800.00 million yuan |
-
The issuance is planned to be the first issuance. The issuance price will be determined based on the average trading price of the company's stocks in the last 20 trading days prior to the issuance.
-
The company plans to issue stocks to specific objects within six months from the date of the issuance approval.
-
The company will not issue stocks to specific objects if the issuance price exceeds 30% of the company's total stock before the issuance.
-
The company will ensure compliance with relevant laws and regulations during the issuance process.
-
The company will not bear any responsibility for the risks associated with the issuance of stocks to specific objects.
Background and Purpose of This Issuance
- Background of This Issuance
The issuance aims to support the development of the company and enhance its capital structure. The company will utilize the funds raised to invest in projects that align with its strategic goals.
- National Policies Supporting Industry Development
The government has issued policies to support the development of the chemical industry, which is closely related to the company's operations.
Background and Objectives of This Issuance
Background of This Issuance
- National Policies Supporting Industry Development
The government has issued policies to support the development of the chemical industry, which is closely related to the company's operations. Recently, the government has strengthened various policies to support the chemical industry and related new materials. According to the "National Development Plan for the Chemical Industry" issued by the Ministry of Industry and Information Technology, the development of the chemical industry has already become a key area. Jiangsu Province has issued a document on promoting the development of the chemical industry, which includes the development of new materials, chemical plastics, and chemical fibers.
- High Demand for High-Performance POP Products
High-performance POP foam is a type of high-performance polymer foam that is produced through chemical reactions. Due to its high performance, good durability, and environmental friendliness, it has been widely used in automotive interiors, footwear, and sports equipment. Recently, the demand for new energy vehicles has increased, leading to a growing demand for high-performance POP products. The market for high-performance POP products is expected to continue to expand, with traditional and new energy vehicles driving this growth.