Zheng Quan Zhi Xing·2025-05-28 12:19Core Viewpoint - The company, Heilongjiang Tianyouwei Electronics Co., Ltd., is utilizing raised funds to replace pre-invested self-raised funds for its projects and to cover issuance costs, following regulatory compliance and internal approvals [2][5][7]. Fundraising Overview - The company has been approved to publicly issue 40 million shares at a price of 93.50 RMB per share, raising a total of 3.74 billion RMB, with a net amount of approximately 3.53 billion RMB after deducting issuance costs of about 213.06 million RMB [2][3]. - The total amount of over-raised funds is approximately 522.58 million RMB, and all raised funds have been deposited [2][3]. Fund Utilization - The raised funds will be allocated to several projects, including: - Automotive Electronics Intelligent Factory Construction - Intelligent Cockpit Production Base Construction - Harbin Global Automotive Electronics R&D Center Construction - Korean Automotive Electronics Factory Construction - The total planned investment for these projects is approximately 3.68 billion RMB, with adjustments leading to a new total of about 3.53 billion RMB [3][4]. Pre-Investment of Self-Raised Funds - As of May 9, 2025, the company has pre-invested approximately 285.05 million RMB of self-raised funds into the projects, which it plans to replace with the raised funds [4][6]. - The company has also pre-paid issuance costs totaling approximately 21.31 million RMB, with about 891.51 thousand RMB to be replaced by the raised funds [4][6]. Approval Process - The board of directors and the supervisory board approved the use of raised funds to replace pre-invested self-raised funds and issuance costs on May 28, 2025, confirming compliance with relevant regulations [5][6][7]. - The approval process adhered to the requirements set forth by the Shanghai Stock Exchange and other regulatory guidelines, ensuring no conflict with the implementation of the fundraising projects [6][7].