Xiangyu Medical(SH:688626) Zheng Quan Zhi Xing·2025-07-04 16:22Fundraising Overview - The company, Henan Xiangyu Medical Equipment Co., Ltd., has successfully raised a total of RMB 1,152,800,000 through the issuance of 40,000,000 shares at a price of RMB 28.82 per share, with all funds received and verified by an accounting firm [1] - The net amount raised after deducting issuance costs has been fully accounted for and managed in a dedicated account as per regulatory requirements [1] Use of Remaining Funds - The company has decided to allocate the remaining over-raised funds of RMB 79,119,600 (including interest income and cash management returns) to its wholly-owned subsidiary, Henan Ruibeta Medical Technology Co., Ltd., for the construction of a rehabilitation medical device industrial park [2][3] - This decision was approved during the board and supervisory meetings held on April 23, 2025, and subsequently ratified at the annual shareholders' meeting on May 15, 2025 [2] Establishment of Special Fund Account - On June 12, 2025, the company approved the establishment of a special fundraising account at the Bank of China Zhengzhou Airport Branch for the aforementioned project, ensuring that the funds are exclusively used for the designated purpose [3][4] - The special account will be subject to a four-party supervision agreement involving the company, its subsidiary, the bank, and the underwriting institution to ensure compliance and protect investor interests [4][5] Regulatory Compliance and Oversight - The agreement stipulates that the funds must not be used for any purposes other than those specified in the project, and any cash management investments must comply with relevant regulations [5][6] - The underwriting institution will conduct ongoing supervision and audits of the fund usage, ensuring transparency and adherence to the established guidelines [6][7]