
Core Points - The report summarizes the sponsorship of Jiangsu Riying Electronics Co., Ltd. for a specific stock issuance, with a total fundraising amount of 398.14 million yuan and a net amount of 390.20 million yuan after deducting issuance costs [1][2] - The stock was listed on the Shanghai Stock Exchange on October 19, 2023, with a share price of 15.18 yuan [1] - The sponsorship period will end on December 31, 2024, and the sponsor will continue to oversee the use of raised funds until fully utilized [1][5] Group 1: Sponsorship and Oversight - The sponsor, CITIC Construction Investment Securities Co., Ltd., has committed to ensuring the authenticity and completeness of the information provided [1][2] - The sponsor conducted due diligence and recommended the stock issuance, ensuring compliance with relevant regulations [2][3] - Continuous supervision includes monitoring the company's compliance with operational norms and information disclosure obligations [2][5] Group 2: Fundraising and Financial Management - A significant incident occurred where 2 million yuan was mistakenly transferred from the fundraising account, which was rectified promptly [3][4] - The company’s main business is expected to grow in 2024, with revenue and net profit increasing compared to 2023, although net profit excluding non-recurring gains is projected to decline due to rising expenses [4][5] - The company has implemented corrective measures to enhance compliance and risk management regarding fundraising [4][5] Group 3: Information Disclosure and Compliance - The company has been compliant with information disclosure requirements, providing timely and accurate reports during the continuous supervision period [5][6] - The sponsor has reviewed the company's information disclosure documents, confirming adherence to regulatory standards [6] - There are no reported violations regarding the use of raised funds, ensuring that funds are stored and utilized according to legal requirements [5][6]