FANGBANG CO.,LTD(SH:688020) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-17 22:40Summary of Key Points Core Viewpoint The report outlines the fundraising activities and the management of raised funds by Guangzhou Fangbang Electronics Co., Ltd. for the first half of 2025, confirming compliance with relevant regulations and detailing the usage and management of the funds raised. Fundraising Basic Situation - The company raised a total of RMB 1,077.60 million by issuing 20 million shares at RMB 53.88 per share, with a net amount of RMB 979.04 million after deducting issuance costs [1][27]. - The funds were deposited into a special account on July 18, 2019, and verified by Tianjian Accounting Firm [1][27]. Fund Usage and Balance - Cumulative usage of raised funds from 2019 to June 30, 2025, amounted to RMB 618.66 million, with a remaining balance of RMB 465.32 million as of June 30, 2025 [2][3]. - The company has consistently reported the interest earned from bank deposits, totaling RMB 104.95 million over the years [2]. Fund Management Situation - The company has established a management system for raised funds, ensuring they are stored in dedicated accounts and used according to regulations [4][5]. - As of June 30, 2025, the company maintained three special accounts for raised funds, along with other financial instruments [5]. Actual Usage of Funds - The company has not encountered any abnormal situations regarding the usage of raised funds for investment projects as of June 30, 2025 [6]. - A total of RMB 63.41 million of self-owned funds has been used for investment projects, which will be replaced by raised funds [7]. Idle Funds Management - The company has not used idle funds to temporarily supplement working capital [8]. - From January 1 to June 30, 2025, the company invested RMB 528.73 million of idle funds in guaranteed financial products, yielding RMB 3.97 million in returns [11]. Changes in Fund Investment Projects - The company terminated the "Flexible Copper Clad Laminate Production Base Construction Project," with an estimated remaining amount of RMB 300.68 million to be retained in the corresponding special account [15][16]. Compliance and Disclosure - The company has adhered to the regulations regarding the management and disclosure of raised funds, ensuring timely and accurate reporting [20][21]. - The supervisory board confirmed that the management of raised funds complies with relevant laws and regulations, with no violations reported [20][21].