ASR(SH:688220) Zheng Quan Ri Bao·2025-04-07 22:16Fundraising Overview - The company raised a total of RMB 6,882,722,844.06 from the issuance of 41,830,089 shares at a price of RMB 164.54 per share, with net proceeds amounting to RMB 6,546,432,006.84 after deducting issuance costs of RMB 336,290,837.22 [1] - The funds were verified by PwC and were received on January 10, 2022 [1] Fund Usage and Balance - As of December 31, 2024, the balance of the fundraising account was RMB 428,857,006.38, including interest income [2] - In 2024, the company used RMB 594,306,406.84 of the raised funds, with a cumulative total of RMB 1,982,146,147.92 used [2] - The company utilized RMB 154,744,242.52 of over-raised funds for share buybacks in 2024, totaling RMB 814,826,595.21 cumulatively [2] - Over-raised funds of RMB 780,328,173.29 were used to permanently supplement working capital, with a cumulative total of RMB 3,158,261,309.12 [2] Fund Management - The company established a fundraising management system to ensure proper management and usage of the funds, including a dedicated account for fundraising [3] - The company signed a tripartite supervision agreement with its sponsor and banks for the management of the fundraising account [3] Cash Management - The company approved the use of up to RMB 450 million of temporarily idle funds for cash management, allowing for investment in safe and liquid financial products [6] - A subsequent approval allowed for an additional RMB 200 million for cash management under similar conditions [7] Project Funding and Adjustments - The company did not have any early investments or replacements for fundraising projects in 2024 [4] - There were no instances of using idle funds temporarily to supplement working capital [5] - The company approved the conclusion of the "5G Industrial IoT Chip Project" and decided to use the remaining funds for working capital [11] Share Buyback - The company approved a share buyback plan using over-raised funds, with a total amount not less than RMB 50 million and not exceeding RMB 100 million [12] - As of December 31, 2024, the company used RMB 175,213,695.86 of over-raised funds for share buybacks in 2024 [12] Issues and Compliance - The company confirmed that there were no issues with the timely, truthful, accurate, and complete disclosure of fundraising information [14]