EMPYREAN(SZ:301269) Zheng Quan Ri Bao·2025-08-15 22:20Core Viewpoint - The report provides a detailed account of the fundraising activities and the management of the raised funds by Beijing Huada Jiutian Technology Co., Ltd., confirming compliance with relevant regulations and the proper use of funds raised through its initial public offering [1][7][29]. Fundraising Basic Situation - The company raised a total of RMB 3,549,753,292.26 from the issuance of 108,588,354 shares at a price of RMB 32.69 per share, with net proceeds amounting to RMB 3,466,025,538.44 after deducting issuance costs [1][2]. - The funds were verified by Da Xin Accounting Firm, which issued a verification report [1]. Cumulative Usage and Current Balance - As of June 30, 2025, the remaining balance of the raised funds was RMB 1,131,523,382.37, with RMB 165,713,382.37 in demand deposits and RMB 965,810,000.00 in structured deposits and seven-day notice deposits [2][3]. Fund Management Situation - The company has established a management method for the raised funds to ensure compliance with laws and regulations, and has signed various agreements with banks and sponsors to regulate the use of these funds [2][3]. Actual Use of Funds - The report includes a detailed table of the actual use of the raised funds, which is attached to the report [4]. Idle Fund Management - The company approved the use of up to RMB 1.2 billion of idle funds for cash management, allowing for the purchase of safe, principal-protected products, with a balance of RMB 965.81 million utilized for this purpose as of June 30, 2025 [6][29]. Changes in Fund Usage - There were no changes in the fundraising investment projects during the reporting period, nor were there any transfers or replacements of the investment projects [6][29]. Disclosure of Fund Usage - The company confirmed that the disclosure of the fundraising usage aligns with the actual usage, with no violations or misuses reported [7][29].