Zheng Quan Zhi Xing·2025-08-27 10:29Core Viewpoint - The company plans to use part of the excess raised funds to permanently supplement working capital and repay bank loans, which is deemed beneficial for improving the efficiency of fund utilization and reducing financial costs [1][6][8]. Fundraising Basic Situation - The company raised a total of 220,127.16 million RMB from its initial public offering, with excess funds amounting to 120,127.16 million RMB [4][7]. - The funds were verified by Zhonghui Accounting Firm and stored in a special account to ensure proper management and protection of investor rights [1]. Investment Project Overview - The company has adjusted its investment project for the technical transformation of producing 10,000 tons of aviation-grade high-temperature alloys, reducing the planned capacity from 6,000 tons to 3,000 tons, which affects the investment amount by 19,839.17 million RMB [3]. Use of Excess Funds - The company has approved the use of 36,000.00 million RMB of excess funds for working capital and has also planned to use 80 million RMB for the same purpose, which constitutes 6.66% of the total excess funds [4][6]. - The company commits that the cumulative use of excess funds for working capital and loan repayment will not exceed 30% of the total excess funds within any 12-month period [6][7]. Approval Process - The proposal to use part of the excess funds was approved in the company's board and supervisory meetings and is pending approval from the shareholders' meeting [5][7]. Sponsor's Verification Opinion - The sponsor believes that the use of excess funds for working capital and loan repayment complies with relevant regulations and will not affect the normal progress of investment projects, nor will it harm shareholder interests [8].