Rewei Co., Ltd. announced that all three fund-raising projects, including the “40 million electric heating element production line expansion project with an annual output of 40 million pieces,” have reached the scheduled state of use. The company plans to close the project and raise the savings of 212 million yuan to permanently supplement working capital for daily production and operation. The matter has been reviewed by the sixth meeting of the third board of directors of the company and still needs to be submitted to the shareholders' meeting for consideration. The sponsor has issued an unobjected verification opinion.

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