Zheng Quan Zhi Xing·2025-06-27 16:46Core Viewpoint - The company has decided to terminate part of its fundraising projects and permanently supplement the remaining funds into working capital, which will enhance the efficiency of fund usage and align with the company's operational needs [1][6][7]. Fundraising Overview - The company raised a total of RMB 845.649 million by issuing 19.53 million shares at a price of RMB 43.30 per share, with a net amount after expenses [1]. - As of May 31, 2025, the total balance of the fundraising account was RMB 79.61067 million, including interest [2][4]. Fund Management - The company has implemented a dedicated account storage system for the raised funds, adhering to the regulations and agreements with the banks involved [2][3]. - The company has not violated any relevant regulations or agreements during the fund usage process [2]. Termination of Fundraising Projects - The project "Headquarters Operation Center and Information Technology Construction" will be terminated due to changes in market conditions and reduced investment demand in the water environment management industry [5][6]. - The total planned investment for this project was RMB 36.777 million, with RMB 22.777 million intended to be funded from the raised capital [5]. Future Plans - The remaining funds of RMB 83.4101 million (including interest) will be permanently allocated to working capital to support the company's main business operations [6][7]. - The funds will be used for employee salaries, additional investments in existing projects, and new business expansions [6]. Approval Process - The decision to terminate the fundraising projects and reallocate the funds has been approved by the company's board of directors, audit committee, and independent directors, and will be submitted for shareholder approval [7][8]. Sponsor's Opinion - The sponsor, Zhongyuan Securities, supports the decision to terminate part of the fundraising projects and believes it aligns with the company's operational needs and market conditions [8][9].