Zheng Quan Zhi Xing·2025-07-04 16:22Summary of Key Points Core Viewpoint The company, Saiwei Times Technology Co., Ltd., is adjusting its fundraising project investment amounts, internal structure, and the use of excess funds to enhance the efficiency of fund utilization and align with its strategic goals [2][24]. Group 1: Fundraising Overview - The company raised a net amount of approximately 723.1 million yuan from its initial public offering, with all funds received by July 7, 2023 [2][5]. - As of May 31, 2025, the total unused fundraising amount is approximately 289.8 million yuan, which includes idle funds and financial products [5][18]. Group 2: Project Investment Adjustments - The company plans to adjust the investment amounts and internal structure of its fundraising projects, reallocating a total of 70 million yuan to "Brand Building and Channel Promotion" and "Logistics and Warehousing Upgrade" projects [6][10]. - The total investment for the "Brand Building and Channel Promotion" project will increase from approximately 87.7 million yuan to 228.3 million yuan [12][17]. Group 3: Implementation and Strategic Rationale - The adjustments are aimed at enhancing brand awareness and customer loyalty through diversified marketing channels, including online advertising and social media collaborations [11][17]. - The company emphasizes the necessity of these adjustments to maintain competitiveness in the fashion industry and to support its long-term growth strategy [18][24]. Group 4: Changes in Project Implementation Entities - The company is adding new implementation entities for its projects, including subsidiaries in Hong Kong and Shenzhen, to better integrate resources and expand its market reach [20][23]. - The adjustments will not change the total investment amount for the projects and are designed to optimize resource allocation [19][24]. Group 5: Regulatory Compliance and Oversight - The adjustments have been approved by the company's board and supervisory committee, ensuring compliance with relevant regulations and protecting shareholder interests [22][24]. - The company will open dedicated fundraising accounts for the new project entities and will implement strict oversight measures to ensure proper fund management [21][24].