Zheng Quan Zhi Xing·2025-07-11 08:17Summary of Key Points Core Viewpoint - The company has completed certain fundraising projects and plans to permanently supplement its working capital with the remaining funds from these projects, following necessary approvals from the board and supervisory committee [8]. Fundraising Overview - The company raised a total of approximately RMB 780 million through the issuance of 93,301,435 shares at a price of RMB 8.36 per share, with a net amount of approximately RMB 769.44 million after deducting issuance costs [1][2]. Fund Management and Usage - The raised funds have been managed in a dedicated account, with a verification report issued by an accounting firm confirming the funds' receipt [2]. - The funds were allocated primarily to the "High-end Marine Equipment Energy System Project (Phase I)" with an adjusted investment amount of RMB 769.44 million [2][4]. Project Status and Adjustments - The project has reached its intended usable state, and the completion date has been extended to June 30, 2025, due to equipment selection adjustments [3][4]. Remaining Funds and Their Usage - The remaining funds from the project amount to approximately RMB 207.05 million, which will be permanently added to the company's working capital for daily operations [5][6]. - The company has effectively reduced project costs through prudent management and local sourcing of equipment, resulting in savings [5][6]. Board and Supervisory Committee Approval - Both the board and the supervisory committee have approved the project completion and the plan to use the remaining funds for working capital, emphasizing the benefits for operational efficiency and shareholder interests [7][8].