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Recently, Sichuan Dongcai Technology Group Co., Ltd. (hereinafter referred to as “Dongcai Technology”) issued a announcement stating that the company plans to delay the date by which the project funded through the issuance of convertible corporate bonds – namely, the technological upgrade project aimed at enabling an annual production capacity of 20,000 tons of optical-grade polyester-based films for ultra-thin MLCCs – will be ready for use. As originally planned, the date on which the project will be ready for use is February 2024. In April 2024, Dongcai Technology decided to delay the date by which this project funded through fundraising would be ready for use until February 2025. The reason for this was that the key equipment required for the project came from internationally renowned manufacturers in Germany and France; due to geopolitical factors over the past two years, these equipment suppliers have experienced delays in scheduling production and transportation, which has resulted in the construction, installation, and commissioning of the project progressing more slowly than expected. Regarding the reason for the further delay in these fundraising projects, the announcement states that in addition to issues related to suppliers, Dongcai Technology has adopted a customized assembly line that combines domestic and imported equipment in order to maximize its technical advantages and cost efficiency. However, this project imposes extremely high requirements on the core production equipment; as a result, the company adjusted the process parameters numerous times during the trial operation phase and continuously optimized the key performance indicators of the product, in order to ensure that all quality parameters of the final product reached industry-leading levels. This led to delays in the overall progress of the project funded by the raised capital. It is reported that Dongcai Technology plans to delay the time at which the aforementioned projects funded through fundraising will reach their intended state of usability until December 2025.