Zheng Quan Zhi Xing·2025-06-10 11:48Core Viewpoint - The company has decided to change the implementation subject of the "UDC Shanghai Project (Phase I)" to its subsidiary, Shanghai Hailan Cloud, and will provide part of the raised funds as a loan to support the project implementation, which aligns with the company's operational needs and resource allocation requirements [1][8][14]. Fundraising Overview - The company raised a total of 730 million yuan through the issuance of convertible bonds, with a net amount of 721.302 million yuan after deducting underwriting fees [2]. - The company has also issued shares to specific investors, raising an additional 294.0189 million yuan after fees [5]. Project Changes - The implementation subject of the "Smart Ocean Technology Center Construction Project" has been changed to a wholly-owned subsidiary, Hainan Ruihai Ocean Technology Co., Ltd., and the project location has shifted from Shenzhen to Sanya, Hainan [3]. - The "Annual Production of Intelligent Ship System and Intelligent Perception System Project" has been renamed to "Undersea Data Center Phase I Project," with changes in the implementation subject and location [3]. - The remaining funds for the "Marine Advanced Sensor Comprehensive Intelligent Operation Platform Project" have had their usage deadline extended from December 2023 to December 2024 [4]. Project Funding Allocation - The total investment for the "Undersea Data Center Phase I Project" is 576 million yuan, with a planned use of 215.118 million yuan from the raised funds [4]. - The "Ship Solid-State Navigation Radar Testing Platform Construction and Industrialization Project" has a planned use of 125.7578 million yuan from the raised funds [4]. Loan Details - The company plans to provide a loan of 122.2575 million yuan to Shanghai Hailan Cloud for the "UDC Shanghai Project (Phase I)," with the loan duration aligned with the project implementation period [8][14]. - The loan will be based on the benchmark interest rate set by the People's Bank of China and is strictly for project implementation purposes [8][14]. Implementation Subject Change Justification - The change in the implementation subject to Shanghai Hailan Cloud is based on its competitive advantages in the undersea data center sector, including proprietary technology and industry standards [11]. - The company aims to leverage the technological support from Shanghai Hailan Cloud to meet green and low-carbon project requirements [12]. Decision-Making Process - The decision to change the project implementation subject and provide the loan was approved by the company's board of directors and supervisory board, ensuring compliance with relevant regulations [15].