MEDITECH(SH:603990) Zheng Quan Zhi Xing·2025-06-13 11:50Core Viewpoint - The company has approved the use of its own funds to pay for part of the fundraising project expenses and will subsequently replace these with equivalent amounts from the raised funds, enhancing the efficiency of fund usage and reducing financial costs [1][4][5]. Fundraising Basic Information - The company raised a total of RMB 706.64 million through a non-public offering of 19,863,488 shares at a price of RMB 36.63 per share, with the funds stored in a dedicated account [1][2]. Fundraising Usage Status - As of May 31, 2025, the company has utilized RMB 49.84 million of the raised funds out of a planned investment of RMB 73.35 million for various projects, including the "Regional Emergency Collaborative Rescue System Platform" and the "AI-based Product Service Upgrade Project" [2][3]. Reasons for Using Own Funds - The company and its subsidiaries opted to use their own funds for initial payments due to regulatory requirements regarding salary payments and tax obligations, as well as to streamline operational efficiency by avoiding lengthy approval processes for small expenses [4][5]. Operational Process for Fund Replacement - The company will establish a detailed ledger for payments made with its own funds and will initiate a monthly replacement process to transfer equivalent amounts from the fundraising account back to its own accounts, ensuring proper documentation and compliance with regulations [6]. Impact on the Company - This approach is expected to improve fund usage efficiency and reduce financial costs without affecting the normal operation of the company or the implementation of fundraising projects, thus aligning with the interests of all shareholders [5][7]. Review Procedures and Opinions - The board of directors and the supervisory board have approved the use of own funds for project payments, confirming that the process adheres to necessary legal and regulatory requirements, and the sponsor has verified that this does not conflict with the fundraising project implementation [7][8].