Kinco Automation( Shanghai) (SH:688160) Zheng Quan Zhi Xing·2025-07-16 13:19Fundraising Overview - The company, Shanghai Buke Automation Co., Ltd., has received approval from the China Securities Regulatory Commission to issue A-shares to specific investors, raising a total of approximately RMB 464.99 million, with a net amount of RMB 456.61 million after deducting issuance costs [1][2]. Special Account Establishment - The company has established a special account for the funds raised, which will be exclusively used for the storage and management of the raised funds, specifically for the "Intelligent Manufacturing Production Base Construction Project" [2][3]. Tripartite Supervision Agreement - A tripartite supervision agreement has been signed among the company, the underwriting institution (Guotai Junan Securities Co., Ltd.), and the bank (China Construction Bank, Shenzhen Nanshan Branch) to ensure proper management and usage of the raised funds [3][5]. Regulatory Compliance - The management of the raised funds will comply with relevant laws and regulations, including the Shanghai Stock Exchange's self-regulatory guidelines, ensuring that the funds are not used for any purposes other than those specified in the agreement [3][4]. Monitoring and Reporting - The underwriting institution will conduct regular monitoring of the fund usage, with at least one on-site investigation every six months to ensure compliance with the agreement and proper fund management [5][6].