FangDa Carbon(SH:600516) Zheng Quan Zhi Xing·2025-08-26 12:16Core Viewpoint - The company intends to temporarily use part of its idle raised funds to supplement its working capital, ensuring that this does not affect the normal operation of its investment projects and complies with relevant regulations [1][8]. Fundraising Basic Situation - The company raised a net amount of RMB 1,796,015,374 through a non-public stock issuance in June 2013, issuing 184,266,900 shares [1]. - The funds were verified by a certified public accountant, and a verification report was issued [1]. Fund Management and Usage - The raised funds are stored in a dedicated account, with various agreements established with banks for fund supervision [2]. - The company has invested RMB 146.83 million in a 30,000 tons/year special graphite manufacturing project, while the 100,000 tons/year oil-based needle coke project was terminated due to market changes [3]. Previous Temporary Working Capital Supplementation - In August 2024, the company approved the use of RMB 1 billion of idle funds for working capital, with a usage period not exceeding 12 months [7]. - In May 2025, the company approved an additional RMB 250 million for the same purpose, also with a 12-month limit [7]. Current Plan for Temporary Working Capital Supplementation - The company plans to use up to RMB 950 million of raised funds temporarily for working capital, ensuring that this does not impact the normal operation of investment projects [8]. - The funds will only be used for operations related to the main business and will not be used for stock trading or similar activities [8]. Review Opinions from the Sponsor - The sponsor believes that the company's plan to use idle funds for working capital is compliant with regulations and does not harm the interests of minority shareholders [8].