Zheng Quan Zhi Xing·2025-08-17 16:11Core Viewpoint - The company, Suzhou Huazhijie Electric Co., Ltd., is utilizing its own funds and bank acceptance bills to pay for part of the fundraising investment projects and will replace these with the raised funds in an equal amount, which is deemed beneficial for improving fund utilization efficiency and reducing financial costs [1][6][8]. Fundraising Basic Situation - The company has received approval from the China Securities Regulatory Commission for its initial public offering (IPO) and has issued 25,000,000 shares at a price of RMB 19.88 per share, raising a total of RMB 444,164,357.75 [1][2]. Investment Project Situation - The total investment for the annual production of 86.5 million intelligent components for electric tools is RMB 48,608.58 million, with an adjusted fundraising amount of RMB 44,416.44 million [2]. Reasons for Using Own Funds - The company needs to use its own funds and bank acceptance bills for initial payments due to regulatory requirements regarding salary payments, tax obligations, and operational efficiency [3][4][5]. Replacement Process of Raised Funds - The company will establish a detailed ledger and summary table for payments made with its own funds and will apply for the replacement of these amounts with raised funds on a monthly basis, following internal approval processes [4][5]. Impact on the Company - The approach of using own funds and bank acceptance bills is expected to enhance the efficiency of fund utilization, lower financial costs, and will not affect the normal operation of the company or the implementation of fundraising projects [5][6]. Review Procedures - The company’s board of directors has approved the use of own funds and bank acceptance bills for project payments, ensuring compliance with relevant laws and regulations [6][7]. Sponsor's Verification Opinion - The sponsor, CITIC Construction Investment Securities Co., Ltd., has verified that the company's actions do not alter the direction of the raised funds and are in compliance with legal requirements, supporting the normal progress of the fundraising projects [6][7].