CMC(SH:603122) Zheng Quan Zhi Xing·2025-07-03 16:27Core Viewpoint - The company has completed the cancellation of its fundraising special accounts, following the approval of its fundraising management and usage protocols, ensuring compliance with regulatory requirements [1][2][3]. Fundraising Basic Information - The company raised a total of RMB 416,960,308.00 through its initial public offering of 99,513,200 shares at a price of RMB 4.19 per share, with all funds received by February 11, 2022 [1]. Fundraising Management and Storage - The company established a fundraising management system to ensure proper storage and usage of the raised funds, signing a tripartite supervision agreement with relevant banks and its sponsor [2]. - A quadripartite supervision agreement was later signed to allow the company to provide loans to its wholly-owned subsidiary for project implementation [2]. Fundraising Account Cancellation - The company decided to open a new special account for fundraising to improve the yield of the raised funds and subsequently canceled the previous accounts, with the cancellation process completed by March 11, 2025 [3][4]. - The total balance of the canceled fundraising accounts was transferred to the new account, and all relevant agreements were terminated [4].