Zheng Quan Zhi Xing·2025-04-03 11:57Core Points - The company has decided to conclude certain fundraising projects and permanently supplement its working capital with surplus funds amounting to 870.1762 million yuan [1][8] - The decision was approved by the board of directors and the supervisory board, and it will be submitted for shareholder approval [8][9] Fundraising Overview - The company raised a total of 6.8 billion yuan through the issuance of convertible bonds, with a net amount of 6.7592 billion yuan after deducting underwriting fees [1][2] - The funds were fully received on July 6, 2020, and managed under a dedicated account system [2] Investment Project Details - The total investment for the projects funded by the raised capital was 7.898268 billion yuan, with 680 million yuan allocated from the raised funds [2] - Key projects included environmental upgrades and capacity replacement in steel production [2][4] Fund Management - The company has established a strict management system for the raised funds, ensuring compliance with regulatory requirements and protecting investor interests [3][5] - A tripartite supervision agreement was signed with several banks and the sponsor to clarify rights and obligations regarding the management of the funds [3] Surplus Fund Usage - The surplus funds of 870.1762 million yuan will be used to enhance the company's working capital for daily operations [7][8] - The surplus arose from effective cost control and resource optimization during project implementation, leading to lower overall construction costs [5][6] Approval Process - The board and supervisory board meetings held on April 2, 2025, approved the proposal to conclude the fundraising projects and use the surplus funds [8][9] - The proposal will be presented to the shareholders for final approval [8]