Zheng Quan Zhi Xing·2025-08-27 14:16Core Viewpoint - The company plans to use part of the excess raised funds to permanently supplement its working capital, which is expected to enhance the efficiency of fund utilization and align with the interests of all shareholders [6]. Fundraising Overview - The company raised a total of RMB 537,839,000.00 from its initial public offering, with a net amount of RMB 469,051,085.05 after deducting issuance costs [1]. - The funds were deposited into a special account approved by the board of directors, and a tripartite supervision agreement was signed with the bank [2]. Investment Project Details - The total investment for the children's book development and copyright reserve project is RMB 31,000,000.00, with the entire amount funded by the raised capital [2]. - As of June 30, 2025, all funds from the initial public offering have been fully utilized for the investment projects [2]. Excess Fund Utilization - The company has approved the use of RMB 47,700,000.00 of excess funds to permanently supplement working capital, which accounts for 29.99% of the total excess funds [3]. - An additional resolution allows for the management of idle excess funds up to RMB 100,000,000.00 within a 12-month period [3]. Current Plan for Excess Fund Usage - The company intends to use RMB 45,000,000.00 of excess funds for permanent working capital, representing 28.29% of the total excess funds, pending shareholder approval [4]. - The cumulative amount used for permanent working capital in the last 12 months does not exceed 30% of the total excess funds [4]. Decision-Making Process - The board of directors and the supervisory board have approved the proposal to use part of the excess funds for working capital, which will be submitted for shareholder approval [5]. - The supervisory board confirmed that this use of funds does not conflict with the investment project implementation and does not harm the interests of shareholders [5]. Sponsor's Verification Opinion - The sponsor has verified that the decision to use part of the excess funds for working capital has followed necessary approval procedures and complies with relevant regulations [6]. - The sponsor believes this action will improve fund utilization efficiency and is in the best interest of all shareholders [6].