Zheng Quan Zhi Xing·2025-08-15 16:36Core Points - The company, Shenzhen Daotong Technology Co., Ltd., has utilized its own funds to pay for investment projects and plans to replace these with raised funds in accordance with regulatory requirements [1][4][6] Fundraising Overview - The company issued 12.8 million convertible bonds at a price of 100 RMB each, raising a total of 128 million RMB, with net proceeds amounting to approximately 126.2 million RMB after deducting underwriting fees [1][2] - The funds raised are designated for the construction of the Daotong Technology R&D Center and the development of new intelligent maintenance and new energy solutions, with a total project investment of approximately 210.2 million RMB [2][3] Use of Own Funds - The company has opted to use its own funds for certain expenditures related to the investment projects due to regulatory requirements regarding salary payments, which necessitate using basic or general deposit accounts rather than the dedicated fundraising account [2][3] - The company will subsequently replace the amount spent from its own funds with an equivalent amount from the raised funds, ensuring compliance with the principle of dedicated use of raised funds [3][4] Impact on Operations - The decision to use self-funds for project expenditures is expected to enhance operational efficiency and ensure the smooth progress of investment projects without affecting the normal implementation of these projects [3][4] Approval Process - The board of directors and the supervisory board of the company approved the use of self-funds and the subsequent replacement with raised funds, confirming that the necessary approval procedures were followed and that there is no change in the intended use of the raised funds [4][5]