INTCO RECYCLING(SH:688087) Zheng Quan Zhi Xing·2025-08-26 11:21Core Viewpoint - The company has established a fundraising management system to regulate the use and management of raised funds, enhance their effectiveness, and protect investors' rights [1][2]. Group 1: Fundraising Management - The funds raised are defined as those obtained through the issuance of stocks or other equity-like securities, excluding funds raised for equity incentive plans [2]. - The company must use the raised funds specifically for their intended purposes, aligning with national industrial policies and sustainable development principles [2][3]. - The board of directors is responsible for continuously monitoring the management and use of raised funds to prevent investment risks and ensure safety [3][4]. Group 2: Fund Storage and Usage - The company is required to open a special account for the raised funds, ensuring that these funds are not mixed with other funds or used for unrelated purposes [4][5]. - Upon receipt of the funds, the company must complete verification procedures and sign a tripartite supervision agreement with the sponsor and the bank [5][6]. - The company can manage temporarily idle raised funds through cash management, ensuring that such management does not affect the normal progress of investment plans [8][9]. Group 3: Project Feasibility and Adjustments - If a fundraising project encounters significant changes in market conditions or is delayed for over a year, the company must reassess its feasibility and disclose any necessary adjustments [6][7]. - The company is prohibited from using raised funds for financial investments or providing them to related parties for improper benefits [7][8]. - Any changes in the use of raised funds must be approved by the board and disclosed to shareholders [12][13]. Group 4: Reporting and Supervision - The company must accurately disclose the actual use of raised funds and report any significant deviations from the investment plan [14][15]. - An annual audit must be conducted by an accounting firm to verify the management and use of raised funds, with findings disclosed in the annual report [15][16]. - The company and its related parties will face consequences for violations of the fundraising management system [31].