On December 19, Oujing Science and Technology issued a number of announcements, involving personnel changes, project dynamics and so on. Among them, in terms of projects, Oujing Science and Technology issued two announcements, one is about the postponement of part of the fund-raising investment projects; the other is that the company uses the fund-raising to invest in the construction projects of subsidiaries. The postponement announcement of
some fund-raising investment projects shows that due to the influence of many factors in the actual promotion process, the company's recycling of industrial silicon projects failed to reach the expected usable state within the planned time, but the construction of fund-raising investment projects is still in progress in an orderly manner. In order to reduce the investment risk of the raised funds and realize the optimal allocation of the company's resources, according to the implementation progress of the project invested by the raised funds, the actual construction situation and the development expectation of the external market environment, the company intends to postpone the date when the "recycling industrial silicon project" reaches the expected usable state from December 31, 2023 to December 31, 2024.
In the announcement on the use of raised funds to increase the capital of wholly-owned subsidiaries to implement the project, the company used the raised funds to increase the capital of Ningxia Oujing Technology Co., Ltd., a wholly-owned subsidiary, by 329 million yuan for the construction of "Ningxia Quartz Crucible Phase I Project" and "Ningxia Quartz Crucible Phase II Project".
It is reported that Ningxia Quartz Crucible Phase II Project has a total investment of 435 million yuan and plans to build 17,900 square meters of factory buildings; 18 quartz crucible melting lines are planned to be built: 8 lines are planned to be built in Phase I project and 10 lines are planned to be built in Phase II project; and automatic edge cutting, detection and cleaning packaging equipment, intelligent storage and other supporting equipment and facilities are introduced. After the completion of the two projects, the production capacity of solar grade quartz crucibles and semiconductor grade quartz crucibles will be 180000 per year.
In the previous fund-raising announcement, Oujing Technology said that the Ningxia Quartz Crucible Phase I and Phase II projects were mainly to meet the needs of TCL Central's new Ningxia Yinchuan 50GW (G12) Solar Grade Monocrystalline Silicon Material Intelligent Factory (Crystal Phase VI) project and & nbsp; TCL Zhonghuan is expected to add 40 GW crystal production capacity in 2023 (as disclosed in the 2022 annual report of TCL Zhonghuan). At the same time, it can also meet the needs of other downstream customers to expand production.
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