Fuxin Technology(SH:688662) Zheng Quan Zhi Xing·2025-08-15 12:16Summary of Key Points Core Viewpoint - The report outlines the fundraising activities and the usage of raised funds by Guangdong Fuxin Technology Co., Ltd., emphasizing compliance with regulations and the management of funds to protect investor interests [1][2][3]. Fundraising Overview - The company raised a total of RMB 344,356,600.00 from the issuance of 22,060,000 shares at RMB 15.61 per share, with a net amount of RMB 307,574,668.46 after deducting various fees [1][2]. - The funds are stored in a dedicated account with a regulatory agreement with the sponsor and the bank [2][3]. Fund Usage and Balance - As of June 30, 2025, the company has utilized RMB 258,542,129.09 of the raised funds, with RMB 238,686,369.61 used in previous years and RMB 19,855,759.48 in the first half of 2025 [2][3]. - The company has incurred RMB 14,120,535.54 in issuance expenses and has invested RMB 244,421,593.55 in projects, along with RMB 63,500,000.00 in bank financial products and fixed deposits [2][3]. Fund Management - The company has established a dedicated fund management system in accordance with relevant laws and regulations, ensuring that funds are used specifically for their intended purposes [3][4]. - As of June 30, 2025, the total amount in dedicated accounts is RMB 17,800,081.50 [4][7]. Cash Management of Idle Funds - The company has approved the use of idle funds for cash management, allowing up to RMB 150 million and RMB 120 million for investments in safe financial products [5][9]. - As of June 30, 2025, the company has invested RMB 63,500,000.00 in fixed deposits, with no reported risks associated with these cash management products [5][9]. Project Status and Adjustments - The company has not made any changes to the fundraising investment projects during the reporting period, and there are no instances of using idle funds to temporarily supplement working capital [8][9]. - The expected completion date for certain projects has been extended to March 31, 2026, due to delays caused by market demand and construction progress [9][10]. Compliance and Disclosure - The board asserts that the company has adhered to all relevant laws and regulations regarding the use of raised funds and has provided timely and accurate disclosures [8][9].