Zheng Quan Zhi Xing·2025-08-27 10:29Core Viewpoint - The company plans to use its own funds to pay for part of the fundraising investment projects and will replace these with equivalent amounts from the raised funds, ensuring compliance with regulatory requirements and optimizing fund usage efficiency [1][5][6] Fundraising Basic Situation - The company successfully raised a net amount of RMB 573,068.36 million from its initial public offering, with an oversubscription amount of RMB 23,068.36 million [1] - The total investment amount for the fundraising projects is RMB 669,690.48 million, with the intended use of raised funds being RMB 573,068.36 million [2] Reasons for Using Own Funds - The company faced operational difficulties in directly using raised funds for certain payments, such as employee salaries and social insurance, which necessitated the use of its own funds initially [2][3] - The need to streamline payment processes and comply with banking regulations led to the decision to use self-funding temporarily [3] Specific Operational Process - The company will pay project expenses using its own funds and subsequently replace these amounts with equivalent funds from the fundraising account, ensuring that the replaced funds are treated as project usage [4] Impact on the Company - This approach is expected to enhance operational management efficiency and ensure the smooth progress of fundraising projects, aligning with the interests of the company and its shareholders [5] Approval Procedures and Opinions - The board of directors and the supervisory board have both approved the use of self-funds for project payments and the subsequent replacement with raised funds, confirming that necessary procedures were followed [5][6]