Newway Photomask(SH:688401) Zheng Quan Zhi Xing·2025-07-17 12:17Core Viewpoint - Shenzhen Luwei Optoelectronics Co., Ltd. plans to use its own funds to pay for fundraising projects and subsequently replace them with equivalent amounts from raised funds, aiming to improve operational efficiency without affecting the normal implementation of fundraising projects [1][5]. Group 1: Fundraising Overview - The company issued convertible bonds totaling RMB 615 million, with a term of 6 years and a face value of RMB 100 per bond, with all funds received by June 17, 2025 [2]. - The net amount raised was lower than initially disclosed, prompting adjustments to the investment amounts for the fundraising projects [2]. Group 2: Project Funding and Replacement - The company intends to pre-use its own funds for certain expenditures related to fundraising projects, particularly for payments that cannot be made through the fundraising account, and will replace these with raised funds within six months [2][3]. - The adjustment in the investment amount for the semiconductor and high-precision flat panel display mask expansion project was from RMB 71.685 million to RMB 60.716 million [2]. Group 3: Operational Impact and Commitments - The use of self-funds for project payments is expected to enhance operational management efficiency and ensure the smooth progress of fundraising projects, aligning with the interests of the company and its shareholders [5]. - The company has received positive opinions from both the supervisory board and the sponsor regarding the compliance and procedural integrity of this funding approach [5][6].