Hubei Jianghan New Materials (SH:603281) Zheng Quan Zhi Xing·2025-06-30 16:11Core Viewpoint - Hubei Jianghan New Materials Co., Ltd. has signed a four-party supervision agreement for the storage of raised funds and has canceled three special accounts for raised funds, indicating a restructuring of its fundraising and investment projects [1][4]. Fundraising Overview - The company was approved to publicly issue 66,666,667 shares at a price of RMB 35.59 per share, raising a total of RMB 2,372,666,678.53, which was fully received by January 19, 2023 [1]. - The funds have been deposited in special accounts approved by the board, with a three-party supervision agreement signed with the sponsor and the commercial bank [1]. Four-Party Supervision Agreement - The four-party supervision agreement was signed with the Industrial and Commercial Bank of China, CITIC Securities, and the company, ensuring that the raised funds are used solely for designated projects [2][3]. - The agreement stipulates that the funds cannot be used for non-designated purposes, and the sponsor has the right to supervise the use of the funds [3]. Cancellation of Special Accounts - The special accounts for the projects "Functional Silane Coupling Agent and Intermediate Construction" and "Annual Production of 60,000 Tons of Trichlorosilane Project" have been closed, with surplus funds transferred to the company's general account for liquidity [4]. - The remaining funds from the "Annual Production of 2,000 Tons of High-Purity Quartz Sand Industrialization Project" have been transferred to a new project account for "Functional New Material Silicon-Based Precursor Project (Phase I)" [4]. Approval Procedures - The company held meetings to approve the conclusion of certain fundraising investment projects and the use of surplus funds for liquidity, with the relevant resolutions passed at the annual shareholders' meeting [5].