SD(SH:600626) Zheng Quan Zhi Xing·2025-05-14 11:20Core Viewpoint - The report summarizes the sponsorship activities of Guotai Junan Securities Co., Ltd. regarding the issuance of shares by Shanghai Shenda Co., Ltd., highlighting the successful issuance and listing of shares on the Shanghai Stock Exchange, along with the compliance and oversight measures taken during the process [1][2][5]. Group 1: Sponsorship Overview - Guotai Junan Securities was approved by the China Securities Regulatory Commission (CSRC) to sponsor the issuance of 212,765,957 shares at a price of RMB 2.82 per share, raising a total of RMB 600 million [1][2]. - The shares were listed on the Shanghai Stock Exchange on July 28, 2023, following the issuance on July 21, 2023 [1][4]. - The report outlines the responsibilities of the sponsor during both the due diligence and ongoing supervision phases, ensuring compliance with relevant regulations [2][4]. Group 2: Due Diligence and Supervision - During the due diligence phase, the sponsor coordinated with various intermediaries and conducted thorough investigations to ensure the accuracy and completeness of the information provided by the issuer [2][4]. - In the ongoing supervision phase, the sponsor focused on preventing any misuse of resources by controlling shareholders and ensuring the issuer adhered to corporate governance standards [2][3]. - The issuer was noted for its cooperation in providing necessary documents and information, facilitating the sponsor's work [4][5]. Group 3: Compliance and Fund Usage - The sponsor conducted reviews of the issuer's information disclosure practices, confirming that all disclosures were timely, accurate, and complete, in line with regulatory requirements [5]. - The report states that the funds raised from the issuance were stored in dedicated accounts and used in accordance with legal and regulatory standards, with no violations reported [5]. - As of December 31, 2023, all funds raised from the issuance had been fully utilized [5].