Gelonghui, December 29, 丨 Ketuo Biotech (300858.SZ) announced that the company held the 4th meeting of the 3rd board of directors and the 4th meeting of the 3rd board of supervisors on December 29, 2023 to review and pass the “Proposal on the Extension of Fund-raising Projects”, agreeing that the company will adjust the time when the fund-raising project implementation entity, implementation method, investment use and investment scale of the fund-raising project will not change. The bill does not need to be submitted to the company's shareholders' meeting for consideration.
Although the feasibility of this fundraising project was fully demonstrated in the early stages, it was affected by many factors during the actual execution process and was unable to reach the intended state of use within the planned time. Based on the implementation progress and actual construction situation of this fundraising project, after careful research, the company decided to extend the “Food Sector R&D and Production Base Project” until June 30, 2025, and the “Microecological Formulation Production Base Project” until June 30, 2024.