Jihua Group completes projects, reallocates funds, extends others

Jihua Group Corp. announced the conclusion of three fundraising investment projects: the 2,500-ton specialty nylon 66 filament pilot line, the 3542 company relocation for functional fabrics and home textiles, and the Jihua special protective equipment production and R&D base. These projects collectively yielded a surplus of CNY 7.5755 million, which the company intends to use to supplement its working capital. Concurrently, Jihua Group is extending the completion dates for four other key projects, including the specialized research institute functions, terminal market network, intelligent apparel production line, and intelligent footwear production line, pushing their estimated completion to December 2027 due to market conditions and project progress.

The company also confirmed the reappointment of Tianjian Certified Public Accountants (Special General Partnership) as its financial and internal control auditor for 2025. This decision was made following a review by the Audit and Risk Management Committee, Board of Directors, and Supervisory Board, highlighting the auditor’s professional competence and investor protection capabilities.

These strategic adjustments reflect Jihua Group’s commitment to optimizing resource allocation and project execution amidst evolving market dynamics, ensuring the efficient use of capital and sustained operational continuity. The decisions have been approved by the relevant internal committees and will be submitted for shareholder approval.