Core Viewpoint - The company plans to temporarily use part of its idle raised funds, amounting to 50,000.00 million RMB, to supplement its working capital, which is expected to enhance the efficiency of fund utilization and reduce financial costs [2][6][8] Fundraising Overview - The company raised a total of 142,000.00 million RMB by issuing 21,353,383 shares at a price of 66.50 RMB per share, after deducting related external costs of 397.30 million RMB [1][2] - The funds are stored in a dedicated account with a tripartite supervision agreement in place [1] Reasons for Idle Funds - The company has terminated the "Annual Production of 80 Sets of Semiconductor Material Polishing and Thinning Equipment Manufacturing Project," leading to idle funds [2] - The ongoing "12-inch Integrated Circuit Large Silicon Wafer Equipment Testing Experimental Line Project" requires time for construction, resulting in part of the raised funds being idle [2] Previous Use of Idle Funds - In a prior instance, the company used 40,000.00 million RMB of idle funds to supplement working capital, with a usage period not exceeding 12 months [4][5] Current Plan for Idle Funds - The company intends to use 50,000.00 million RMB of idle funds for working capital, with a maximum usage period of 12 months, after which the funds will be returned to the dedicated account [6][8] - The expected savings on financial costs from this usage is estimated at 1,500.00 million RMB per year, based on a one-year loan market quotation rate (LPR) of 3.00% [6] Approval Process - The board of directors and the supervisory board have approved the plan to use idle funds, confirming that it will not affect the normal progress of investment projects [7][8] - The supervisory board supports the decision, stating it aligns with regulatory requirements and does not harm shareholder interests [7][8] Sponsor's Verification - The sponsor, Xinyi Securities, has verified that the use of idle funds complies with necessary legal procedures and will not impact the implementation of investment projects [8][9]
晶盛机电: 兴业证券:关于晶盛机电使用部分闲置募集资金暂时补充流动资金的核查意见