CHIPPACKING(SH:688216) Zheng Quan Zhi Xing·2025-08-14 16:38Core Viewpoint - The report details the usage and management of funds raised by Qipai Technology Co., Ltd. during its initial public offering, confirming that all funds have been utilized as promised in the prospectus and that the special account has been closed [1][2]. Fundraising Details - The total amount raised in the IPO was RMB 393,767,400, with a net amount of RMB 338,224,573.85 after deducting various fees [1]. - The funds were received on June 17, 2021, and the verification report was issued by Tianzhi International Accounting Firm on the same day [2]. Fund Usage - As of June 30, 2025, all raised funds have been fully utilized, and the special account has been closed [2][5]. - The funds were primarily used to increase the company's capital and expand related business operations, consistent with the commitments made in the prospectus [3][4]. Investment Projects - There were no changes to the actual investment projects funded by the raised capital, and the company has not transferred or replaced any investment projects [3][4]. - The company approved the use of RMB 80,665,400 to replace pre-invested funds and cover issuance costs, which was verified by Tianzhi International Accounting Firm [4]. Idle Funds Management - The company utilized up to RMB 25,000,000 of temporarily idle funds for cash management, with a rolling usage period of 12 months [4]. - As of June 30, 2025, the balance of idle funds used for purchasing financial products was RMB 0.00 [5]. Project Benefits - The benefits from the investment projects were calculated using the same methods as promised, with no projects reporting returns below 20% of the expected benefits [6]. - The R&D center expansion project could not be individually assessed for benefits but aimed to enhance overall R&D capabilities, indirectly improving company performance [6]. Comparison with Annual Reports - The actual usage of the raised funds has been consistent with the disclosures made in the company's periodic reports from 2021 to the present [6].