XUSHENG(SH:603305) Zheng Quan Zhi Xing·2025-08-27 10:06Core Viewpoint - Ningbo Xusheng Group Co., Ltd. plans to use part of its idle raised funds to temporarily supplement working capital, not exceeding RMB 100 million, for a period of up to 12 months from the date of board approval [1][3]. Group 1: Fundraising Overview - The company has been approved to issue convertible bonds totaling RMB 280 million, with an actual raised amount of RMB 280 million after deducting related fees [1]. - As of June 30, 2025, the net amount of raised funds is RMB 279,166.07 million, with RMB 100 million temporarily idle for cash management [2]. Group 2: Fund Usage and Progress - The company has used RMB 45,907.14 million to replace pre-invested funds and RMB 74,022.43 million directly for investment projects, leaving a balance of RMB 160,818.17 million in the special account [2]. - The investment project for lightweight automotive structural components has a total planned investment of RMB 279,166.07 million, with RMB 119,929.57 million utilized, resulting in a utilization rate of 42.96% [2]. Group 3: Temporary Fund Supplement Plan - The company aims to use up to RMB 10 million of idle funds to temporarily supplement working capital, ensuring that it does not affect the investment projects or change the intended use of the raised funds [3][4]. - A special management account will be established for the temporary use of these funds, adhering to relevant regulations and ensuring funds are used solely for operations related to the main business [4]. Group 4: Approval Procedures and Opinions - The board of directors and the supervisory board have approved the use of idle funds, confirming that it will not impact the progress of investment projects or harm shareholder interests [5]. - The sponsor, CITIC Securities, has also reviewed and agreed with the company's plan to use idle funds, confirming compliance with regulatory requirements [5].