HSST(SZ:000707) Zheng Quan Zhi Xing·2025-08-05 16:10Group 1 - The company has established a special account for raised funds and signed a tripartite supervision agreement with the underwriter and the bank [1][2] - The total amount raised is approximately RMB 708.96 million, with a net amount of RMB 700.91 million after deducting issuance costs [2][3] - The special account is set up at Industrial Bank Co., Ltd. Wuhan Branch to manage the raised funds specifically for acquiring a 68.59% stake in Yingcheng Hongyi Chemical Technology Co., Ltd. [3][4] Group 2 - The tripartite supervision agreement stipulates that the special account can only be used for the designated acquisition and prohibits the use of funds for other purposes [3][4] - The company is required to notify the underwriter of any cash management products and ensure that these products do not affect the normal investment plans [4][5] - The underwriter has the right to conduct regular inspections and audits of the fund management and usage, ensuring compliance with relevant regulations [5][6]