Weima: Plans to change the use of funds raised from the initial public offering, terminating the investment in the "Marketing Service Channel Upgrade Construction Project."
Weima announced that it plans to change the use of funds raised from its initial public offering, terminating the investment in the "Marketing Service Channel Upgrade Construction Project"; adjustments will be made to the total project investment, internal investment structure, and project schedule for the "Intelligent Flexible Production Base Construction Project, Mountain and Hilly Agricultural Machinery Engineering Technology Center Construction Project, and Mountain and Hilly Smart Agricultural Machinery Parts R&D and Manufacturing Center Project." After this change, the investment situation for the company's raised funds is as follows: the adjusted investment amount for the Intelligent Flexible Production Base Construction Project is 123 million yuan, the adjusted investment amount for the Mountain and Hilly Agricultural Machinery Engineering Technology Center Construction Project is 61.4256 million yuan, and the adjusted investment amount for the Mountain and Hilly Smart Agricultural Machinery Parts R&D and Manufacturing Center Project is 78.3605 million yuan