Zheng Quan Zhi Xing·2025-05-26 09:21Core Points - The company, Zhuzhou CRRC Times Electric Co., Ltd., has announced the completion of the cancellation of certain fundraising accounts as part of its fundraising management process [1][4]. - The total amount raised from the initial public offering (IPO) was RMB 755,505.74 million, with a net amount of RMB 744,321.20 million after deducting issuance costs [1][2]. - The company has established a specialized account management system for the raised funds, ensuring compliance with relevant laws and regulations [2][3]. Fundraising Overview - The company issued 240,760,275 shares at a price of RMB 31.38 per share, approved by the China Securities Regulatory Commission [1]. - The net proceeds from the fundraising have been verified by Deloitte Huayong Certified Public Accountants [1]. Fundraising Account Management - The company has set up specialized accounts for fundraising, adhering to the "three-party supervision agreement" with the underwriter and the bank [2]. - A total of 10 subsidiaries have signed a "four-party supervision agreement" for the management of the raised funds [3]. Account Cancellation Details - The account for the rail transit traction network technology and system research project was canceled because the funds had been fully utilized [4]. - The cancellation of the account was completed on May 26, 2025, and the corresponding fundraising supervision agreement has been terminated [4].