SESPACE(SZ:002135) Zheng Quan Zhi Xing·2025-05-28 09:22Core Viewpoint - The company plans to temporarily use part of its idle raised funds to supplement working capital, ensuring that this does not affect the normal operation of its fundraising investment projects [1][6][7]. Fundraising Basic Situation - The company has received approval from the China Securities Regulatory Commission to issue 20 million convertible bonds at a face value of RMB 100 each, raising a total of RMB 200,000 million, with a net amount of RMB 1,986,231,480.13 after deducting issuance costs [1][2]. Fundraising Usage Situation - As of April 30, 2025, the company has used RMB 149,377.31 million of the raised funds, with a remaining balance of RMB 4,777.25 million [2][3]. Previous Use of Idle Funds - The company previously approved the use of up to RMB 45,000 million of idle funds to supplement working capital, with a usage period not exceeding 12 months [3][4]. Current Plan for Using Idle Funds - The company plans to use up to RMB 40,000 million of idle funds to supplement working capital, with a similar 12-month usage period, aiming to improve fund efficiency and reduce financial costs [5][6]. Reasonableness and Necessity of Current Plan - The company justifies the use of idle funds by the increasing demand for working capital due to its expanding operations, estimating a potential savings of approximately RMB 12.4 million in financial costs [6][7]. Review Procedures and Opinions - The board and supervisory committee have approved the plan, confirming that it meets legal requirements and does not affect the normal operation of fundraising investment projects [7][8].