Citic Pacific Special Steel Group Co.Ltd(000708) : the investment project of the raised funds focuses on the company’s main business, which is conducive to consolidating and enhancing the company’s comprehensive competitiveness

Citic Pacific Special Steel Group Co.Ltd(000708) (000708) the online roadshow of convertible bond issuance was held on panorama today. Wang Haiyong, Secretary of the board of directors of the company, said at the roadshow that the funds raised from the public issuance of convertible corporate bonds will be used for the optimization and upgrading project of “three high and one special” product system, the comprehensive upgrading project of coking environmental protection of Hubei ZHONGTE new chemical energy technology Co., Ltd., the high parameter intensive waste heat and residual energy utilization project The whole process ultra-low emission environmental protection transformation project and supplementary working capital project. The above-mentioned investment projects with raised funds are carried out closely around the company’s main business, in line with the national industrial policy and the company’s strategic development direction in the future, taking into account economic benefits, environmental protection benefits and social benefits, which is conducive to consolidating and enhancing the company’s comprehensive competitiveness, further improving the level of quality and efficiency improvement, and promoting the company’s sustainable and high-quality development.