Sanxiang Advanced Materials(SH:603663) Zheng Quan Zhi Xing·2025-08-21 16:47Core Viewpoint - The announcement provides a detailed report on the fundraising activities of Sanxiang New Materials Co., Ltd. for the first half of 2025, including the amount raised, its usage, and management practices, ensuring compliance with regulatory requirements [1][2][3]. Fundraising Basic Situation - The company raised a total of RMB 220 million by issuing 11.0664 million shares at RMB 19.88 per share, with a net amount of RMB 216.0763 million after deducting issuance costs of RMB 3.9236 million [1]. - As of December 31, 2024, the cumulative amount directly invested from the raised funds was RMB 155.2413 million, leaving a balance of RMB 63.1313 million, which includes RMB 60.8351 million in raised funds and interest income of RMB 0.22962 million [2]. Fundraising Management Situation - The company has established a fundraising management system to ensure the proper use and storage of raised funds, protecting investor interests [2][3]. - Funds are stored in dedicated accounts with three banks, and a tripartite supervision agreement has been signed to ensure strict approval processes for fund usage [3]. Actual Use of Fundraising - The actual use of the raised funds in the first half of 2025 amounted to RMB 6.0175 million, with no prior investments or replacements reported [7]. - The company has temporarily used RMB 56.6207 million of idle funds to supplement working capital, with a board resolution allowing for the use of up to RMB 75 million for this purpose [7][8]. - No idle funds have been used for cash management or investment in financial products as of June 30, 2025 [8]. Changes in Fundraising Investment Projects - There have been no changes in the use of funds for investment projects as of June 30, 2025 [8]. Issues in Fundraising Usage and Disclosure - The company has complied with regulations regarding the timely and accurate disclosure of the storage and usage of raised funds [8].