CLS(SZ:002945) Zheng Quan Zhi Xing·2025-08-25 16:30Core Viewpoint - The company plans to use its own funds to pay for part of the fundraising project expenses and subsequently replace these with equivalent amounts from the raised funds, which is deemed to enhance operational efficiency and ensure the smooth progress of the fundraising projects [1][6][7]. Fundraising Overview - The company has received approval from the China Securities Regulatory Commission to issue 30.8 million A-shares at a price of RMB 31.33 per share, raising a total of RMB 964.96 million. After deducting issuance costs of RMB 86.84 million, the net amount raised is RMB 878.12 million [1]. - As of June 30, 2025, the company has utilized RMB 441.25 million of the raised funds, with RMB 107.00 million directly invested in fundraising projects [4]. Fundraising Project Details - The company has postponed the completion date for several fundraising projects from January 25, 2025, to January 25, 2027, and added its wholly-owned subsidiary, Sichuan Junyi Su Lian Technology Co., Ltd., as a co-implementing entity for these projects [2][3]. - The total investment for the underground comprehensive pipeline smart management operation platform upgrade project and the new smart city comprehensive solution enhancement project is RMB 321.04 million [2]. Reasons for Using Own Funds - The company needs to pay for labor costs, including salaries and social insurance, which cannot be directly paid from the fundraising account as per regulations. Therefore, it plans to use its own funds initially and later replace them with raised funds [5][6]. Operational Process for Fund Replacement - The company will follow a specific payment process where the finance department will pay the relevant project expenses using its own funds and subsequently transfer equivalent amounts from the fundraising account to its own account within six months [6][7]. Impact on the Company - The decision to use its own funds for project expenses is expected to improve operational management efficiency and ensure the smooth implementation of fundraising projects, complying with relevant regulations [6][7]. Review and Opinions - The board of directors and the supervisory board have approved the plan, confirming that it follows necessary procedures and does not affect the normal execution of fundraising projects or harm shareholder interests [7][9]. - The sponsor, Huayin Securities, has also expressed no objections to the plan, affirming its compliance with regulations [9].