FHEC(SH:688362) Zheng Quan Zhi Xing·2025-07-02 16:14Fundraising Overview - The company, Yongxi Electronics (Ningbo) Co., Ltd., has received approval from the China Securities Regulatory Commission to issue convertible bonds to unspecified investors, with a total issuance of 11,650,000 bonds [1] - The total amount of funds raised is not specified in the provided documents, but the company has established a special account for the management of these funds [1][2] Fund Management and Supervision - To ensure proper management and usage of the raised funds, the company has signed a tripartite supervision agreement with its sponsor, Ping An Securities, and the banks managing the special accounts [2][3] - The special accounts are designated solely for the storage and use of funds related to the company's advanced packaging technology research and industrialization project, and cannot be used for other purposes [2][3][4] Special Account Opening - As of July 2, 2025, the company has opened special accounts at several banks, including: - Bank of Communications for advanced packaging technology project - Agricultural Bank of China for technology research and industrialization - China Merchants Bank for supplementing working capital and repaying bank loans [2][4] Tripartite Agreement Details - The tripartite agreement outlines the responsibilities of each party, including the requirement for the sponsor to supervise the use of funds and conduct semi-annual inspections [3][5] - The agreement stipulates that if the company withdraws more than 50 million yuan or 20% of the net raised funds within a twelve-month period, the bank must notify the sponsor [6][11] - The agreement is effective upon signing and remains in force until all funds are spent and the account is closed [7][12]