Zheng Quan Zhi Xing·2025-06-04 09:18Summary of Key Points Core Viewpoint - The company intends to use part of the excess raised funds to permanently supplement its working capital, which is deemed beneficial for improving fund utilization efficiency and reducing financial costs [1][5][9]. Group 1: Fundraising Overview - The company successfully completed its initial public offering (IPO) on April 1, 2022, issuing 30,327,389 shares at a price of RMB 60.88 per share, raising a total of RMB 184,633.14 million [1][7]. - After deducting issuance costs of RMB 18,020.43 million, the net amount raised was RMB 166,612.72 million, with excess funds amounting to RMB 91,612.72 million [1][3][7]. Group 2: Fund Utilization Plan - The planned allocation of the raised funds includes various projects, with a total investment of RMB 76,763.12 million, of which RMB 5,000 million is designated for working capital [3][5]. - The company has previously used RMB 27,400 million of excess funds for working capital, representing 29.91% of the total excess funds [3][6]. Group 3: Approval and Compliance - The board of directors and the supervisory board have approved the use of RMB 27,400 million of excess funds for working capital, which will be submitted for shareholder approval [6][8]. - The company commits that the total amount used for working capital will not exceed 30% of the excess funds within any 12-month period, ensuring compliance with regulatory requirements [6][9].