Zheng Quan Zhi Xing·2025-06-04 09:18Summary of Key Points Core Viewpoint The report outlines the verification opinions of Guotai Junan Securities Co., Ltd. regarding Puyuan Precision Technology Co., Ltd.'s use of its own funds and letters of credit to pay for part of the fundraising projects, which will later be replaced with equivalent amounts from the raised funds. This process is deemed compliant with relevant regulations and beneficial for operational efficiency. Group 1: Fundraising Overview - The company successfully issued 30,327,389 shares at a price of RMB 60.88 per share, raising a total of RMB 184,633.14 million, with a net amount of RMB 166,612.72 million after deducting issuance costs [1][2] - In a simplified procedure, the company issued 5,300,676 shares at RMB 54.71 per share, raising RMB 289.99 million, with a net amount of RMB 286.79 million after costs [2] - The company plans to issue 2,166,377 shares at RMB 23.08 per share for asset acquisition, raising RMB 49.99 million, with a net amount of RMB 44.29 million after costs [2] Group 2: Investment Projects - The total investment for the initial public offering (IPO) projects is RMB 76,763.12 million, with RMB 75,000.00 million allocated from the raised funds for various projects, including high-end digital oscilloscopes and RF instruments [3][4] - The simplified issuance project has a total investment of RMB 32,489.63 million, with RMB 29,000.00 million planned from the raised funds for projects in Malaysia and Xi'an [4] - The asset acquisition project has a total investment of RMB 5,296.04 million, with RMB 5,000.00 million planned from the raised funds for the Beijing laboratory center and related fees [4] Group 3: Use of Own Funds and Replacement Process - The company uses its own funds and letters of credit for initial payments on fundraising projects due to operational efficiency and regulatory constraints on direct payments from raised funds [5] - A detailed process is established for replacing the amounts paid with raised funds within six months, ensuring compliance with regulations and proper documentation [5] - The board and supervisory committee have approved this approach, confirming it does not harm the company's or shareholders' interests and complies with relevant laws [6][7]