On December 13, Gelonghui reported that Tianjin You Fa Steel Pipe Group Stock (601686.SH) announced the convening of the 14th meeting of the 5th Board of Directors on December 13, 2024, which reviewed and approved the proposal "to terminate fundraising project and use the remaining raised funds to permanently supplement working capital." The company agreed to terminate the implementation of the 2022 public issuance of convertible corporate bonds for the fundraising project "Tangshan Youfa New Building Materials Co., Ltd. welded steel pipes, hot-dip galvanized buckle scaffolding, and climbing frame processing project," and to use the remaining raised funds to permanently supplement working capital for the company's daily production operation and business development. As of November 30, 2024, the remaining raised funds for uninvested projects amount to 240.8754 million yuan, with cash management income and current interest at 1.4259 million yuan, totaling 242.3014 million yuan.