[Shenglong Shares: Plans to use all excess raised funds of 38.6056 million yuan to invest in the construction of high-performance molybdenum material projects] On September 10, Shenglong Shares (001257.SZ) announced that the company plans to use all excess raised funds of 38.6056 million yuan to invest in the construction of Longxing Technology with an annual output of 20,000 tons The high-performance molybdenum material project (Phase I) has an estimated total investment of 275 million yuan. The main products are ferromolybdenum (containing Mo60%) 15,000 tons/year and by-products slag and 98% sulfuric acid. The construction period is 24 months. After reaching production, the financial internal rate of return after income tax is expected to be 12.06%. The proposal still needs to be submitted to the shareholders' meeting for review.