Introduction
Wuhu Fushai Technology Co., Ltd. (hereinafter referred to as "Fushai Technology" or "the Company") intends to raise funds through the issuance of A shares to specific objects (hereinafter referred to as "this issuance"). The feasibility analysis of the use of funds raised from this issuance is as follows:
1. Fund Usage Plan
The total amount of funds raised from this issuance will not exceed RMB 940 million (including this amount). The net amount of funds raised, after deducting issuance costs, will be used for the following projects:
| No. | Project Name | Total Investment (10,000 RMB) | Proposed Investment from Raised Funds (10,000 RMB) |
|---|---|---|---|
| 1 | Wuhu Automotive Interior Parts Intelligent Manufacturing Base Construction Project | 32168.40 | 32000 |
| 2 | Thailand Production Base Construction Project | 37835.00 | 37000 |
| 3 | Core Production Equipment Digital Iteration and Transformation Project | 9844.82 | 9000 |
| 4 | Supplementing Working Capital Project | 16000.00 | 16000 |
| Total | 95848.22 | 94000 |
The portion of the total project investment exceeding the net amount of funds raised will be resolved by the Company using its own funds or through other financing methods. The Company's board of directors may adjust the order and amount of investment in the projects based on the authorization of the shareholders' meeting. If the Company invests in the projects using its own or self-raised funds before the funds from this issuance are in place, the portion invested will be replaced after the funds from this issuance are received.
2. Basic Situation, Necessity, and Feasibility Analysis of the Investment Projects
(1) Wuhu Automotive Interior Parts Intelligent Manufacturing Base Construction Project
- Basic Situation of the Project This project will purchase land and acquire machinery and equipment necessary for the production of automotive parts, establishing a new production base for automotive parts to enhance production capacity and provide reliable support for the rapid development of the Company's business. The project will be implemented by Wuhu Fushai Technology Co., Ltd., located in Wuhu City, with a total investment of RMB 32168.40 million and a construction period of 36 months.