FHEC(SZ:000561) Zheng Quan Zhi Xing·2025-06-19 13:17Fundraising Overview - The company, Shaanxi Fenghuo Electronics Co., Ltd., has received approval from the China Securities Regulatory Commission to issue shares and raise funds, totaling 114,249,034 shares, with a net fundraising amount of approximately 870 million RMB [1][2] - The funds will be used for cash consideration in asset purchases, development of aviation intelligent wireless altimeters, precision guidance equipment, radar navigation systems, and to supplement working capital or repay debts [3][4] Fund Management and Supervision - A special fundraising account has been established at China Merchants Bank, Baoji Branch, specifically for the management of the raised funds, ensuring compliance with relevant regulations [2][3] - A tripartite supervision agreement has been signed among the company, the bank, and an independent financial advisor to oversee the use of the funds, ensuring investor protection [3][4] - The financial advisor will conduct semi-annual inspections of the fund usage and has the authority to request information from the bank regarding the special account [4][5] Regulatory Compliance - The agreement stipulates that the funds can only be used for specified purposes and outlines the responsibilities of each party involved in the management and oversight of the funds [4][5] - The bank is required to provide monthly account statements and notify the financial advisor of any significant withdrawals from the account [5][6] - Any disputes arising from the agreement will be resolved through negotiation or legal proceedings in the jurisdiction of the company's registered address [6]