Core Viewpoint - The company intends to temporarily use part of the idle raised funds to supplement its working capital, following necessary approvals and regulations [1][7]. Group 1: Fundraising Overview - The company issued 15.2 million convertible bonds at a face value of RMB 100 each, raising a total of RMB 152,000 million, with a net amount of RMB 1,503,909,782.03 after deducting issuance costs [1]. - As of July 31, 2025, the balance of idle raised funds (including interest income) is RMB 66,737.12 million, with RMB 63,800 million earmarked for temporary working capital [2]. Group 2: Fund Usage and Idle Reasons - The company has approved changes in the use of raised funds, reallocating remaining funds from various projects to new initiatives, including a lithium carbonate project and a multi-metal resource recovery project [2][3]. - The company has previously used RMB 69,700 million of idle funds for working capital, which has been fully returned to the dedicated account by August 1, 2025 [4]. Group 3: Current Fund Usage Plan - The company plans to use up to RMB 57,000 million of idle funds for working capital, with a usage period not exceeding 12 months from the board's approval [5][7]. - The expected reduction in interest expenses from this temporary use of funds is estimated at RMB 1,710 million, based on the current one-year loan market quotation rate of 3.00% [5]. Group 4: Compliance and Approval Process - The use of idle funds has been approved by the company's board and complies with relevant regulations, ensuring that it does not affect the normal progress of investment projects [6][7].
大中矿业: 国都证券股份有限公司关于大中矿业股份有限公司使用部分闲置募集资金暂时补充流动资金事项的核查意见