Zhejiang Shuangyuan Technology (SH:688623) Zheng Quan Zhi Xing·2025-08-25 16:23Core Points - The article discusses the approval and verification of Zhejiang Shuangyuan Technology Co., Ltd.'s use of its own foreign exchange to pay for investment projects and subsequently replace it with raised funds [1][4][6] Group 1: Fundraising Overview - The company was approved to publicly issue 14.7857 million shares at a price of RMB 125.88 per share, raising a total of RMB 1,861.22 million, with a net amount of RMB 1,666.36 million after deducting issuance costs [1][2] - The funds raised will be allocated to various investment projects, with a planned usage of RMB 651.58 million and excess funds of RMB 1,014.78 million [2][3] Group 2: Investment Project Details - The investment projects include the Intelligent Measurement and Control Equipment Production Base, R&D Center, Marketing Network and Technical Support Center, and working capital supplementation [2][3] - As of June 30, 2025, the total investment in these projects is expected to reach RMB 711.31 million [3] Group 3: Use of Own Foreign Exchange - The company plans to use its own foreign exchange for payments related to overseas procurement during the implementation of investment projects, aiming to enhance the efficiency of fund usage [4][5] - The process involves prior approval for payments, followed by a replacement of the amount with raised funds from the dedicated account [4][5] Group 4: Impact and Approval Process - This approach is expected to improve overall operational efficiency and is deemed beneficial for the company and its shareholders [5][6] - The board and supervisory committee have approved the plan, confirming that it does not alter the intended use of raised funds or harm shareholder interests [5][6][7]