Zheng Quan Zhi Xing·2025-07-16 11:19Summary of Key Points Core Viewpoint - The report from CITIC Securities provides a thorough examination of Suzhou Huazhi Jie Telecommunications Co., Ltd.'s use of raised funds to replace previously paid issuance expenses, confirming compliance with relevant regulations and ensuring no detriment to shareholder interests [1][6]. Group 1: Fundraising Overview - The company successfully issued 25,000,000 shares at a price of RMB 19.88 per share, raising a total of RMB 444,164,357.75, with a net amount of RMB 444,164,357.75 after deducting issuance costs [2][3]. - The funds raised are to be fully allocated to investment projects as outlined in the company's prospectus, with total project investment amounting to RMB 486,085,800 [2][4]. Group 2: Fund Allocation and Adjustments - Due to the actual net amount raised being lower than the planned investment, the company will adjust the allocation of funds while maintaining the intended use, with the shortfall to be covered by self-raised funds [2][4]. - The company pre-paid issuance expenses amounting to RMB 5,519,600 using self-raised funds [3][4]. Group 3: Compliance and Verification - The board and supervisory committee approved the use of raised funds to replace previously paid expenses, confirming adherence to regulatory requirements [4][5]. - The accounting firm Tianjian provided verification, affirming that the company's actions comply with the relevant regulations and accurately reflect the situation regarding the pre-paid expenses [5][6].