Saite New Materials announced that the company disclosed the storage and use of funds raised in the semi-annual period of 2026. The net amount of capital raised was 434 million yuan by issuing convertible bonds in 2023, and invested 5.124,300 yuan in the first half of 2026, with a cumulative investment of 324 million yuan, with an investment progress of 74.60%. As of the end of the reporting period, the cash management balance of idle raised funds was 120 million yuan. The construction period of the fund-raising project “Saite Vacuum Industrial Manufacturing Base” was extended until December 2027, and there was no change in the direction of capital raised.

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