Peacebird(SH:603877) Zheng Quan Zhi Xing·2025-08-21 16:36Fundraising Overview - The company raised a total of 800 million yuan through the issuance of 8 million convertible bonds, with a net amount received of approximately 793.66 million yuan after deducting underwriting fees [1][2] - As of June 30, 2025, the company has utilized approximately 302.87 million yuan of the raised funds, leaving a balance of about 534.57 million yuan [1][2] Fund Management - The company has established a fundraising management system in compliance with relevant laws and regulations to ensure the effective use of raised funds [1][2] - A tripartite supervision agreement for the special account of raised funds has been signed with banks, ensuring proper oversight [1][2] Fund Utilization - The funds have been allocated to various projects, including a digital transformation project aimed at enhancing operational efficiency and consumer engagement, although it does not directly generate profits [2][3] - The company has also allocated funds for working capital to support its rapid business growth, which does not yield direct economic benefits [2][3] Cash Management - The company has engaged in cash management by investing idle funds in structured deposits, with a total investment of 94,000 yuan across various products, yielding annualized returns between 0.65% and 2.49% [3][6] - There are no instances of using idle funds to temporarily supplement working capital [2][3] Project Adjustments - The company has made adjustments to its fundraising projects, reallocating funds from the digital transformation project to the establishment of a global fashion R&D center, reflecting changes in strategic direction and market conditions [5][8] - The digital transformation project has been impacted by significant changes in the internal operating environment and technological advancements, leading to a reassessment of its feasibility [5][8]