XCEC(SH:600777) Zheng Quan Zhi Xing·2025-07-04 16:43Core Viewpoint - The document outlines the management and usage of raised funds by Shandong Xinchao Energy Co., Ltd., emphasizing the importance of compliance with relevant laws and regulations to protect investors' interests. Group 1: General Provisions - The management measures are established to regulate the use and management of raised funds, ensuring effective utilization and investor protection [1] - The raised funds refer to money obtained through stock issuance for specific purposes, while over-raised funds are the excess amount beyond the planned fundraising target [1] - Company directors and senior management are required to ensure proper use of raised funds and prevent unauthorized changes in their usage [1] Group 2: Fund Storage - The company must prudently select commercial banks to open special accounts for raised funds, ensuring that these funds are managed separately from other funds [2] - A tripartite supervision agreement must be signed with the sponsor or independent financial advisor and the commercial bank within one month of the funds being received [2] - The agreement should include details such as account numbers, project specifics, and monthly bank statements [2] Group 3: Fund Usage Management - The company is required to use raised funds according to the plans outlined in the issuance application documents [4] - Usage of raised funds should primarily focus on core business activities, avoiding financial investments or providing funds to related parties [4][5] - If a project faces significant changes or delays, the company must reassess its feasibility and report the situation [5] Group 4: Changes in Fund Usage - Any changes in the use of raised funds must be approved by the board of directors and disclosed to shareholders [22] - New projects funded by raised funds must be carefully analyzed for feasibility and profitability [12] - If funds are to be used for projects outside the original plan, the company must follow specific procedures and disclose necessary information [12][13] Group 5: Fund Management and Supervision - The finance department must maintain detailed records of fund usage, and internal audits should occur at least biannually [14] - The board of directors is responsible for monitoring the actual management and usage of raised funds, providing a special report on the status [15] - Independent directors can hire external auditors to verify fund usage if discrepancies are found [30]