On November 29th, Geelong announced that the company's current completed investment projects from the issuance of convertible corporate bonds in 2020 include the "New Urban Smart Water Key Equipment Plant Project" and the "Additional Working Capital Project." As of now, the above construction projects have been basically completed and are in a usable state, and the "Additional Working Capital Project" has been used up. The company will close the above investment projects.

Based on the actual implementation and operational development needs of the investment projects funded by the public issuance of convertible corporate bonds in 2020, it is planned to close the entire investment projects and permanently supplement the remaining funds of 71.1681 million yuan (the actual amount is subject to the balance of the special account on the day of fund transfer) as permanent working capital, and cancel the relevant special account for raised funds.