Zheng Quan Zhi Xing·2025-08-25 16:52Core Viewpoint - The company intends to use part of the excess raised funds to permanently supplement its working capital, which aligns with its operational needs and benefits all shareholders [1][3][5]. Group 1: Fundraising Overview - The total amount raised from the initial public offering (IPO) was RMB 879.25 million, with a net amount of RMB 784.01 million after deducting issuance costs [1]. - The excess funds amounted to RMB 405.24 million, which is approximately 46% of the total raised funds [1][3]. Group 2: Investment Project Details - The total investment amount for the projects funded by the raised capital is RMB 378.77 million, which will be fully covered by the raised funds [2]. Group 3: Previous Use of Excess Funds - In a previous decision, the company approved the use of RMB 120 million from the excess funds to permanently supplement working capital, representing 29.61% of the total excess funds [2][3]. Group 4: Current Plan for Excess Funds - The company plans to use RMB 120 million from the excess funds for working capital, maintaining that this will not affect the normal implementation of the fundraising investment projects [3][5]. - The cumulative use of excess funds for working capital will not exceed 30% of the total excess funds within a twelve-month period [5]. Group 5: Impact on Operations and Commitments - The use of excess funds for working capital is intended to enhance operational efficiency and reduce financial costs, ultimately improving profitability without impacting the investment projects [3][5]. - The company commits to not engaging in high-risk investments or providing financial assistance to entities outside of its controlling subsidiaries within twelve months after the use of excess funds [5]. Group 6: Review and Approval Process - The board of directors and the audit committee have reviewed and approved the use of excess funds, confirming compliance with relevant laws and regulations [5][6]. - The proposal will be submitted for approval at the upcoming shareholders' meeting [5].