Industrial Securities(SH:601377) Zheng Quan Zhi Xing·2025-08-27 09:20Summary of Key Points Core Viewpoint - The company, Fujian Chuangshi Technology Co., Ltd., is utilizing its own funds to pay for part of the fundraising project expenses and will subsequently replace these with equivalent amounts from the raised funds, ensuring compliance with regulatory requirements and maintaining the integrity of the fundraising process [1][5]. Group 1: Fundraising Overview - The company has received approval from the China Securities Regulatory Commission to publicly issue 34.125 million shares at a price of 21.31 RMB per share, raising a total of 727.20375 million RMB, with a net amount after issuance costs [1][2]. - All raised funds are stored in a special account approved by the company's board of directors, and a tripartite supervision agreement has been signed with the sponsor and the commercial bank holding the funds [2]. Group 2: Project Investment and Fund Usage - The total investment for the fundraising projects is 444.349 million RMB, with the planned use of raised funds matching this amount [3]. - The company plans to use its own funds to cover project-related expenses such as salaries, social security, and travel costs, which will later be replaced by the raised funds to streamline payment processes [4]. Group 3: Operational Procedures - The company will submit payment requests for the project expenses paid with its own funds, and the finance department will process these payments accordingly [4]. - Regular audits and inquiries will be conducted to ensure compliance with the established procedures for fund replacement [4]. Group 4: Impact and Compliance - The use of self-funds for project expenses will not affect the normal implementation of the fundraising projects and does not constitute a change in the direction of the raised funds or harm shareholder interests [5]. - The board of directors has approved the use of self-funds for project payments, and the sponsor has confirmed that this approach complies with relevant regulations and does not negatively impact the company or its shareholders [5].