Piotech (SH:688072) Zheng Quan Zhi Xing·2025-08-25 17:05Core Viewpoint - The company has announced the completion of its fundraising project related to the "Advanced Semiconductor Equipment R&D and Industrialization Project" and plans to permanently supplement its working capital with the remaining funds from the initial public offering (IPO) and surplus fundraising [1][10]. Fundraising Overview - The company raised a total of RMB 227,283.12 million from its IPO, with a net amount of RMB 212,759.73 million after deducting issuance costs of RMB 14,523.40 million [1][2]. - The total amount of surplus funds raised is RMB 112,730.08 million [5][8]. Project Completion and Surplus Funds - The Shanghai factory project has been completed as of June 30, 2025, and the remaining surplus funds will be used to pay outstanding project costs and subsequently supplement working capital [5][6]. - The surplus funds were generated due to effective cost management and cash management strategies during the project [5][10]. Usage of Surplus Funds - The company plans to use the remaining surplus funds of RMB 61.18 million for permanent working capital, which will support daily operations [7][9]. - The company has committed that the amount used for permanent working capital will not exceed 30% of the total surplus funds within a 12-month period [9][10]. Regulatory Compliance - The company has followed all necessary legal procedures and regulations regarding the use of surplus funds, ensuring compliance with the relevant guidelines from the China Securities Regulatory Commission and the Shanghai Stock Exchange [10][11]. - The proposal to use surplus funds for working capital is subject to approval at the upcoming shareholders' meeting [1][10].