Zheng Quan Zhi Xing·2025-08-25 16:31Core Viewpoint - The company has completed the investment projects funded by the 2019 private placement of shares and plans to permanently supplement its working capital with the remaining funds, which aligns with regulatory requirements and benefits the company and its shareholders [1][5][6]. Fundraising Overview - The company raised a total of approximately RMB 500 million through the issuance of 79,239,302 shares at RMB 6.31 per share, with net proceeds amounting to approximately RMB 486.57 million after deducting issuance costs [1][2]. - The funds were allocated to three main projects, with a total intended investment of RMB 486.57 million [2]. Fund Usage and Surplus - As of August 25, 2025, the total investment in the projects was approximately RMB 440.51 million, resulting in a surplus of RMB 47.14 million [3]. - The surplus funds will be used to permanently supplement the company's working capital, which is essential for daily operations [4]. Reasons for Surplus - The surplus was achieved through effective cost control and management during the project execution, ensuring quality while minimizing expenses [4]. Impact of Fund Allocation - The decision to permanently supplement working capital with the surplus funds is expected to enhance the efficiency of fund usage and alleviate financial pressure on the company, benefiting overall operations [4][6]. Review Procedures - The board of directors and the supervisory board approved the proposal regarding the completion of the fundraising projects and the allocation of surplus funds on August 25, 2025, without the need for a shareholder meeting [5]. - The sponsor institution confirmed that the actions taken are in compliance with relevant regulations and do not harm the interests of shareholders [6].