Summary of Key Points Core Viewpoint The report provides an overview of the fundraising activities, management, and usage of funds by Guangzhou Shanshui Bide Design Co., Ltd. for the first half of 2025, highlighting compliance with regulatory requirements and the effective management of raised funds. Fundraising Overview - The company raised a total of RMB 81,032.30 million from the issuance of 10.1 million shares at RMB 80.23 per share, with a net amount of RMB 69,131.09 million after deducting issuance costs of RMB 11,901.21 million [1][2]. - As of June 30, 2025, the remaining balance of the raised funds was RMB 19,136.33 million after various expenditures [2][3]. Fund Usage and Management - The company directly invested RMB 14,451.64 million into committed projects and allocated RMB 17,000 million for financial products [2][3]. - The company established a special account for fundraising and signed a tripartite supervision agreement with several banks to ensure proper management and usage of the funds [3][4]. Fund Allocation and Returns - The company utilized RMB 3,368.60 million of the raised funds during the reporting period [5][6]. - The company has temporarily supplemented working capital with idle funds, with a total of RMB 5,000 million used for this purpose, all of which has been returned to the special account within the stipulated time [6][7][8]. Use of Excess Funds - The company has utilized a total of RMB 18,171.89 million of excess funds for permanent working capital supplementation, with approvals from independent directors and the underwriting institution [9][10][11]. Compliance and Reporting - The company has adhered to relevant regulations and guidelines in disclosing the management and usage of raised funds, with no violations reported [12][13][14].
山水比德: 民生证券股份有限公司关于广州山水比德设计股份有限公司2025年半年度募集资金存放、管理和使用情况的专项核查意见