Focuslight Technologies (SH:688167) Zheng Quan Ri Bao·2025-04-25 23:28Fundraising Overview - The company raised a total of RMB 176,973.81 million from the issuance of 22.49 million shares at a price of RMB 78.69 per share, with a net amount of RMB 163,264.76 million after deducting issuance costs [1] - As of December 31, 2024, the company has used RMB 409,537,239.30 of the raised funds in the current year, with a cumulative total of RMB 1,270,529,404.59 used, leaving a balance of RMB 362,118,148.50, which includes bank interest received [2] Fund Management - The company has implemented a special account storage system for the management and use of raised funds, in compliance with relevant laws and regulations, and has signed tripartite supervision agreements with various banks and sponsors [3] - As of December 31, 2024, the company has not used idle raised funds to temporarily supplement working capital [6] Fund Usage and Adjustments - The company has approved the use of its own funds to pay for fundraising project expenses, with plans to replace these with raised funds on a quarterly basis, although no such replacements have occurred as of the reporting date [5] - The company has also approved the use of idle raised funds for cash management, with a maximum of RMB 85 million and later RMB 50 million allocated for investments in low-risk, high-liquidity products [7][8] - The company has permanently supplemented working capital with surplus funds from completed projects, totaling RMB 117,264,077.86, which includes surplus funds and interest income [12] Project Adjustments - The company has postponed the expected completion dates for certain projects due to various factors, including government approvals and geological challenges, extending timelines for the "Smart Driving Car Application Photon Technology Industrialization Project" and the "R&D Center Construction Project" to 2026 [13] - The company has adjusted the internal investment structure of the "Smart Driving Car Application Photon Technology Industrialization Project" while maintaining the overall investment amount [14] Compliance and Reporting - The company received a regulatory notice regarding past irregularities in the management and use of raised funds, committing to rectify these issues and improve compliance moving forward [16] - The company's fundraising management and usage have been verified by auditors and sponsors, confirming adherence to regulatory requirements and proper disclosure practices [17][18]