Core Viewpoint - The company is undergoing a change in the use of part of the raised funds from its initial public offering to enhance operational efficiency and adapt to market demands [1][12][14]. Fundraising Overview - The company successfully issued 31,507,704 shares at a price of 24.18 RMB per share, raising a total of 761.8563 million RMB, with a net amount after expenses [1]. - A verification report was issued by the auditing firm confirming the funds' arrival [1]. Fund Management - The company and its subsidiaries have signed a tripartite supervision agreement for the special account storage of the raised funds to ensure proper management and protection of investors' rights [2]. Investment Project Changes - The company plans to reallocate 19 million RMB from the "Automobile Wheel Assembly Project in Hefei Changfeng" to a new project, which constitutes 2.80% of the net amount raised from the IPO [2][3][6]. - The original project had not utilized the allocated funds, prompting the change to improve fund usage efficiency [3][5]. New Project Details - The new project involves the annual production of 700,000 automotive styling parts, NVH acoustic products, and 3.5 million wheel assemblies, with a total investment of approximately 650 million RMB [7][9]. - The project is set to begin construction in 2024 and aims for production in 2025, with expected gradual revenue generation [7][9]. Market Context - The domestic market for independent brand vehicles is growing, with a reported 20.1% increase in sales for 2024, indicating a favorable environment for the company's new project [9][10]. - The company has established partnerships with major automotive manufacturers, enhancing its market position and customer base [10]. Decision-Making Process - The decision to change the investment project was approved by the board and the supervisory committee, aligning with regulatory requirements and the company's strategic needs [12][14].
XD汇通控: 中银国际证券股份有限公司关于合肥汇通控股股份有限公司部分募集资金投资项目变更的核查意见