On July 24, Golonhui reported that Jiangsu Huahong Technology (002645.SZ) held the 19th meeting of the seventh board of directors and the sixth meeting of the seventh supervisory committee on July 24, 2024. It approved the "Proposal on Delaying Investment Projects Using Part of the Raised Funds" and agreed to extend the implementation period of the investment project of "Large-scale intelligent recycling metal raw material processing equipment expansion project" based on the actual situation of the investment project, without changing the subject, implementation method, fundraising use and investment scale of the fundraising project. This matter does not need to be submitted to the shareholders' meeting for deliberation.
The company's delayed investment project this time is the "large-scale intelligent recycling metal raw material processing equipment expansion project". The construction engineering of the project has been completed and has reached the expected usable state, but there are still different degrees of slowdowns in the delivery, installation, and commissioning of some customized equipment. Therefore, based on the actual construction situation of the investment project, the company decided to postpone the expected usable date of the "large-scale intelligent recycling metal raw material processing equipment expansion project" from the original estimated date of June 30, 2024, to December 31, 2024.