BIYI(SH:603215) Zheng Quan Zhi Xing·2025-08-25 16:34Summary of Key Points Core Viewpoint - The announcement provides a detailed account of Zhejiang Biyi Electric Appliance Co., Ltd.'s fundraising activities, including the total amount raised, the usage of funds, and the management of these funds, ensuring compliance with relevant regulations and protecting investor interests [1][2][3]. Fundraising Overview - The company raised a total of RMB 583,312,500 by issuing 46,665,000 shares at RMB 12.50 per share, with net proceeds amounting to RMB 518,566,900 after deducting underwriting and other fees [1][2]. - The funds were deposited into a dedicated account on February 15, 2022 [1]. Fund Usage and Balance - As of June 30, 2025, the remaining balance in the fundraising accounts was RMB 2,130,303.67 and RMB 37,637,057.44 in two separate accounts [2][3]. - The company has utilized RMB 393,950,173.53 for project expenses and has replaced RMB 99,629,227.54 of self-raised funds with the raised funds [2][5]. Fund Management - The company has established a fundraising management system in compliance with relevant laws and regulations, ensuring that funds are stored in dedicated accounts and used appropriately [2][3]. - A tripartite supervision agreement was signed with various banks to clarify the rights and obligations of all parties involved in the management of the funds [3]. Project Funding and Adjustments - The company has made adjustments to the use of funds, reallocating remaining funds from various projects to new initiatives, including the "Intelligent Kitchen Appliance Construction Project" [3][4][5]. - Specific amounts reallocated include RMB 41,943,593.92 from the air fryer production line project and RMB 152,557,959.76 from the kitchen appliance expansion project [5]. Compliance and Reporting - The company has confirmed that there have been no violations in the use of raised funds during the reporting period from January to June 2025 [5][6]. - The company has adhered to all disclosure requirements and has provided detailed reports on the usage of funds, including any changes in project funding [5][7].