Zheng Quan Zhi Xing·2025-08-27 14:16Core Viewpoint - The company, Hubei Shengtian Network Technology Co., Ltd., is utilizing its own funds to pay for part of the fundraising investment projects and will replace these amounts with raised funds in an equal amount, following regulatory guidelines [1][5]. Fundraising Overview - The company has issued 31,665,598 shares at a price of RMB 15.36 per share, raising a total of RMB 486,383,585.28, with a net amount of RMB 476,087,831.50 after deducting underwriting fees [1][2]. Investment Project Details - The total investment amount for the fundraising projects is RMB 59,900,000, with RMB 48,638,360 allocated from the raised funds [3]. Reason for Using Own Funds - Due to regulatory requirements, the company is unable to directly use the raised funds for certain expenses such as employee salaries and social insurance during the project implementation phase, necessitating the use of its own funds initially [4]. Replacement Process - The company will replace the amounts paid with its own funds by transferring equivalent amounts from the fundraising account to its own account, treating these replaced funds as part of the investment project funds [4][5]. Approval Process - The board of directors approved the use of own funds for project expenses and the subsequent replacement with raised funds during a meeting held on August 26, 2025 [5]. Sponsor's Verification Opinion - The sponsor institution has verified that the company's process for using its own funds and replacing them with raised funds complies with relevant regulations and does not affect the investment plan or shareholder interests [6].