Sinocat(SH:688737) Zheng Quan Zhi Xing·2025-08-06 16:22Core Viewpoint - The company has decided to change the use of part of the raised funds and permanently supplement its working capital with surplus funds amounting to 285.3935 million RMB, pending shareholder approval [1][7]. Fundraising Basic Situation - The company conducted its initial public offering (IPO) and received approval from the China Securities Regulatory Commission (CSRC) in August 2021, with the funds being verified and stored in a dedicated account [1]. Investment Project Situation - The total committed investment for the fundraising projects was 1,459.9065 million RMB, which has been adjusted to 1,407.1897 million RMB [2]. Surplus Fund Usage and Status - The company has completed several fundraising projects, including the "New Catalyst Intelligent Manufacturing Park" and the "National VI b and above emission standard catalyst R&D capacity building project," with a total surplus of 285.3935 million RMB as of June 30, 2025 [3][4]. Reasons for Surplus Funds - The surplus funds resulted from prudent management and cost control during project execution, as well as interest income generated from idle funds [4][6]. Planned Use of Surplus Funds - The company plans to use the surplus funds of 285.3935 million RMB to permanently supplement its working capital for daily operations, with the cancellation of the dedicated fundraising account following the transfer [5][6]. Review Procedures and Opinions - The board of directors and the supervisory board have approved the proposal to change the use of part of the fundraising projects and supplement working capital, which aligns with relevant regulations and benefits the company's cash flow and profitability [7][8].