Kewell(SH:688551) Zheng Quan Zhi Xing·2025-08-24 16:16Core Viewpoint - The company has decided to conclude the "Semiconductor Testing and Intelligent Manufacturing Equipment Industrial Park Project" and permanently supplement its working capital with the remaining raised funds, including interest and financial income [1][9][10]. Fundraising Overview - The company raised a total of RMB 758.8 million from its initial public offering, with a net amount of RMB 689.55 million after deducting issuance costs [1][2]. - The company established a special account for managing the raised funds, ensuring compliance with regulatory requirements [2]. Investment Project Details - The company initially planned to invest RMB 276.46 million in various projects, but the actual net amount raised was RMB 689.55 million, resulting in excess funds of RMB 413.09 million [2][3]. - The company allocated part of the excess funds, amounting to RMB 120 million, for permanent working capital, which is approximately 29.05% of the total excess funds [4]. Project Completion and Fund Usage - As of July 31, 2025, the main construction and acceptance of the "Semiconductor Testing and Intelligent Manufacturing Equipment Industrial Park Project" have been completed, leading to the decision to conclude the project [6][9]. - The total investment for the project was estimated, and the remaining funds after project completion amounted to RMB 168.27 million, which will be used to permanently supplement working capital [8][9]. Reasons for Fund Surplus - The surplus funds resulted from a cautious investment strategy due to changes in the macroeconomic environment and industry conditions, leading to a slowdown in project implementation and equipment procurement [8][9]. - The company effectively managed costs and generated some income from cash management of idle funds, contributing to the surplus [8][9]. Future Fund Usage Plan - The company plans to use the surplus funds for daily operational activities, enhancing the efficiency of fund utilization [9][10]. - The decision to conclude the project and reallocate surplus funds aligns with the company's operational needs and long-term development strategy [9][10]. Approval Process - The board of directors approved the proposal to conclude the project and reallocate surplus funds, which will be submitted for shareholder approval [10][11]. - The sponsor institution has no objections to the decision, confirming compliance with relevant regulations [10][11].