Zheng Quan Zhi Xing·2025-08-21 10:19Core Points - The company, Tianxiaxiu Digital Technology (Group) Co., Ltd., is utilizing its own funds to pay for part of the investment projects and will replace these with raised funds later [1][5] - The total amount raised from the non-public offering of shares was approximately RMB 2.07 billion, with a net amount of RMB 2,071,879,874.54 [1][2] - The company has changed its investment projects from "New Media Commercial Big Data Platform Construction Project" and "WEIQ New Media Marketing Cloud Platform Upgrade Project" to "Content Marketing Ecosystem Upgrade Project" and "Innovative Technology Module Upgrade Project" [2][3] Fundraising and Investment Projects - The total investment amount for the original projects was RMB 251,510.20 million, with RMB 207,187.99 million allocated from the raised funds [2] - The new projects have a total investment amount of RMB 131,957.04 million, with RMB 126,239.21 million planned to be funded from the raised funds [3] Reasons for Using Own Funds - The company faced operational challenges in paying salaries and other expenses directly from the raised funds due to banking regulations [5][6] - To ensure the smooth implementation of investment projects and improve the efficiency of fund usage, the company opted to use its own funds initially and will replace them with raised funds within six months [5][6] Decision-Making Process - The board of directors and the supervisory board approved the use of own funds for the investment projects during meetings held on August 21, 2025 [6][7] - The approval process followed necessary procedures and ensured that the use of funds would not affect the normal implementation of the investment projects or harm shareholder interests [7] Sponsor's Verification Opinion - The sponsor, CITIC Securities, confirmed that the company's actions regarding the use of its own funds and subsequent replacement with raised funds complied with relevant laws and regulations [7][8]