JXPCB(SH:688655) Zheng Quan Zhi Xing·2025-03-24 11:32Core Viewpoint - Shenzhen Xunjiexing Technology Co., Ltd. successfully completed its initial public offering (IPO) on the Science and Technology Innovation Board, raising a net amount of RMB 200.0552 million [1][2]. Group 1: Company Overview - Company Name: Shenzhen Xunjiexing Technology Co., Ltd. - Stock Code: 688655.SH - Registered Capital: RMB 133.39 million - Legal Representative: Ma Zhuo - Actual Controller: Ma Zhuo - Listing Date: May 11, 2021 - Listing Location: Shanghai Stock Exchange [1][2]. Group 2: Sponsorship and Due Diligence - The sponsor, Minsheng Securities Co., Ltd., conducted thorough due diligence and coordinated with various intermediaries during the IPO process, ensuring compliance with relevant regulations [2][5]. - The sponsor provided ongoing supervision from May 11, 2021, to December 31, 2024, ensuring the company adhered to operational norms and information disclosure obligations [2][5]. Group 3: Fundraising and Investment Projects - The company changed its fundraising project from "annual production of 300,000 square meters of high multi-layer boards and 180,000 square meters of HDI projects" to "annual production of 600,000 square meters of PCB intelligent factory expansion project" due to increased order demands [2][3]. - The total planned investment for the new project is RMB 323.1407 million, with RMB 200.0552 million allocated from the raised funds [3]. Group 4: Project Timeline Adjustments - The first phase of the project was delayed from June 2022 to December 2022, while the second phase was postponed from the fourth quarter of 2022 to October 2023 due to supply chain disruptions and market conditions [3][4]. - The adjusted production capacity for the project is expected to reach 600,000 square meters annually upon completion [3]. Group 5: Compliance and Fund Usage - The sponsor confirmed that the company complied with regulations regarding the storage and use of raised funds, ensuring that funds were stored in dedicated accounts and used for their intended purposes [6]. - As of December 31, 2024, there remains a balance of RMB 11.0121 million from the raised funds, with the sponsor continuing to oversee the management and usage of these funds [6].