SINOLINK SECURITIES(SH:600109) Zheng Quan Zhi Xing·2025-06-06 09:43Core Viewpoint - The company, Ningbo Hengshuai Co., Ltd., is utilizing its own funds, foreign exchange, and bank acceptance bills to pay for fundraising projects and will replace these with raised funds in an equivalent amount, ensuring compliance with regulatory requirements and enhancing fund utilization efficiency [1][5][8]. Fundraising Overview - The company raised a net amount of RMB 374.9462 million from its initial public offering (IPO) by issuing 20 million shares at a price of RMB 3.86538 million [1]. - The company also raised RMB 322.2995 million through the issuance of convertible bonds, with a total of 3,275,900 bonds issued at a face value of RMB 100 each [2]. Investment Project Details - The total investment for the IPO fundraising projects is RMB 652.23 million, with RMB 374.9462 million allocated from the raised funds [2]. - The adjusted investment amount for the convertible bond projects is RMB 322.2995 million [5]. Payment Methodology - The company plans to use its own funds, foreign exchange, and bank acceptance bills to pay for project costs, which will later be replaced by the raised funds to improve fund utilization efficiency and reduce financial costs [5][6]. - A detailed operational process has been established to track and manage the payments made using these methods [6]. Impact on the Company - The approach of using alternative payment methods is expected to enhance the overall efficiency of fund operations without affecting the normal implementation of fundraising projects [6][8]. - The company has confirmed that this method does not change the intended use of the raised funds or harm shareholder interests [6][8]. Decision-Making Process - The board of directors and the supervisory board have approved the use of alternative payment methods, affirming that it aligns with the company's interests and complies with relevant regulations [7][8]. - The sponsor institution has also reviewed and endorsed the decision, confirming that it adheres to regulatory guidelines [8].