Guotai Junan Securities(601211) 证券之星·2025-04-03 12:08Summary of Key Points Core Viewpoint The report provides a detailed account of the fundraising activities and the management of funds raised by Benxi Steel Plate Co., Ltd. It highlights the total amount raised, the allocation of funds, and the compliance with regulatory requirements. Fundraising Overview - The company raised a total of 6.8 billion RMB through the issuance of convertible bonds, with all funds received by July 6, 2020 [1][2] - As of December 31, 2024, the company has invested approximately 4.87 billion RMB into fundraising projects, with a remaining balance of 36.77 million RMB in the fundraising account [1][2] Fund Management and Compliance - The company adheres to strict management protocols for the raised funds, ensuring compliance with relevant laws and regulations [1][2] - A tripartite supervision agreement was established with several banks and the underwriting institution to ensure proper management of the funds [1][2] Fund Usage and Allocation - The company has utilized the raised funds for various projects, including high-grade silicon steel projects and environmental upgrades, with specific amounts allocated to each project [3][4] - The company has temporarily used idle funds to supplement working capital, with a total of 4.18 billion RMB used for this purpose in 2020 [3][4][5] Project Implementation and Adjustments - There have been no changes to the fundraising projects or their implementation locations during the reporting period [9] - The company has not encountered any issues with the use of raised funds, and all projects are progressing as planned [9][10] Special Audit and Opinions - The underwriting institution conducted a thorough audit of the fundraising activities and confirmed that the company’s management of funds complies with regulatory requirements [9][10]