NUPMG(SH:601999) Zheng Quan Zhi Xing·2025-07-21 10:23Core Viewpoint - The company, Heilongjiang Publishing Media Co., Ltd. (龙版传媒), is utilizing part of its raised funds to increase capital in its wholly-owned subsidiary, Heilongjiang Xinhua Bookstore Group Co., Ltd., to implement investment projects, ensuring the smooth execution of these projects and aligning with regulatory requirements [1][2][9]. Fundraising Overview - The company was approved to issue up to 44,444,445 shares, raising a net amount of RMB 228,806,523.25 after deducting issuance costs [1][2]. - The raised funds will be allocated to various projects, including: - Boutique Publishing Project: RMB 24,796,047.59 - Comprehensive Service Platform Project: RMB 49,749,096.61 - Xinhua Bookstore Store Upgrade Project: RMB 40,107,890.41 - Printing Equipment Upgrade Project: RMB 47,777,463.15 - Publishing Building Project: RMB 66,376,025.49 [2]. Capital Increase Details - The company plans to use RMB 20,107,900 (2,010.79 million) to increase capital in Heilongjiang Xinhua Bookstore Group, which will further invest the same amount in its subsidiary, Heilongjiang Province Xinhua Bookstore Chain Co., Ltd., for the store upgrade project [2][4]. Subsidiary Information - Heilongjiang Xinhua Bookstore Group engages in various activities, including internet sales of publications and textbook distribution, with total assets of approximately RMB 3.6 billion and net assets of about RMB 2.2 billion [3][4]. - Heilongjiang Province Xinhua Bookstore Chain Co., Ltd. has total assets of approximately RMB 258.73 million and reported a net profit of RMB 4.2 million [5][7]. Purpose and Impact of Capital Increase - The capital increase aims to meet the actual needs of the investment projects post-IPO, ensuring their successful implementation and compliance with fundraising usage arrangements [6][8]. - The company maintains a 100% ownership stake in the subsidiaries post-capital increase, ensuring no adverse impact on shareholder interests [6][9]. Management of Raised Funds - The company and its subsidiary have established dedicated accounts for the management of raised funds, adhering to regulatory guidelines to ensure the safety of fund usage [8]. Approval Process - The capital increase proposal was approved by the company's board and supervisory committee, aligning with relevant regulations and ensuring no detrimental effects on the company [8][9].