LSHEC(SH:603169) Zheng Quan Zhi Xing·2025-07-16 09:24Core Viewpoint - The document outlines the fundraising management measures of Lanzhou Lanshi Heavy Equipment Co., Ltd., emphasizing the need for standardized, transparent, and efficient use of raised funds to protect investors' rights [1]. Group 1: General Principles - The fundraising management measures are established in accordance with various laws and regulations, including the Company Law and Securities Law of the People's Republic of China [1]. - The funds raised are defined as those obtained through the issuance of stocks or other equity-like securities, excluding funds raised for equity incentive plans [1]. - The company’s board and senior management are responsible for ensuring the proper use of raised funds and must not change the intended use without proper authorization [1]. Group 2: Fund Storage - The company must prudently select commercial banks to open special accounts for fundraising, ensuring centralized management of the funds [2]. - Separate special accounts must be established for multiple rounds of financing, and any excess funds must also be managed within these accounts [2][3]. - The special accounts must not hold non-fundraising funds or be used for other purposes [3]. Group 3: Fund Usage - Funds must be used according to the investment projects, amounts, and timelines specified in the prospectus, with strict adherence to the intended use [5]. - The approval process for fund usage involves multiple levels of management, ensuring that all expenditures are properly authorized [5][6]. - The company is prohibited from using raised funds for financial investments or to benefit related parties improperly [5][6]. Group 4: Changes in Fund Usage - Any changes in the intended use of funds must be approved by the board and disclosed to shareholders, ensuring transparency [11][12]. - If a project is delayed, the company must provide reasons and a revised timeline, along with measures to ensure completion [6][9]. Group 5: Management and Supervision - The board is required to conduct semi-annual reviews of the fundraising projects and report on the status of fund storage and usage [28][30]. - Independent auditors must verify the management and usage of funds annually, with findings disclosed in the annual report [13][14]. - Any violations in fund usage or unauthorized changes will result in disciplinary actions against responsible individuals [14].