HANGZHOU TOKA(SH:688571) Zheng Quan Ri Bao·2025-08-20 22:35Core Points - The company has reported on the status of its fundraising and usage of funds for the first half of 2025, confirming compliance with relevant regulations and proper management of the funds [1][18][19] Fundraising Overview - The company raised a total of RMB 426.40 million by issuing 80 million shares at RMB 5.33 per share, with a net amount of RMB 367.46 million after deducting issuance costs of RMB 58.94 million [1] - The funds were fully received by December 4, 2020, and verified by Tianjian Accounting Firm [1] Fund Usage and Balance - As of June 30, 2025, the company has utilized RMB 182.93 million of the raised funds, with RMB 21.91 million remaining in the special account [2] - The company has not used any idle funds to temporarily supplement working capital or replace prior investments [6][7] Fund Management - The company has established a management system for the use of raised funds, ensuring they are stored in a dedicated bank account and used according to regulations [3][4] - The funds are subject to three-party and four-party supervision agreements with banks and subsidiaries to ensure compliance [4] Fund Investment Projects - No abnormal situations have occurred regarding the investment projects funded by the raised capital, and the new materials research center project is expected to enhance the company's R&D capabilities without directly generating economic benefits [6][9] - The company has not changed the use of fundraising investment projects as of June 30, 2025 [9] Board Meeting Resolutions - The board of directors approved the adjustment of the stock incentive plan's grant price from RMB 3.30 to RMB 3.10 per share [13] - The board also approved the cancellation of 86,300 shares of restricted stock due to changes in the eligibility of certain incentive targets [14] - The board confirmed the compliance of the fundraising report with relevant regulations and approved the report for the first half of 2025 [18][19]