Huate Gas(SH:688268) Zheng Quan Ri Bao·2025-08-27 23:21Core Viewpoint - Guangdong Huate Gas Co., Ltd. has provided a special report on the management and actual use of raised funds for the first half of 2025, confirming compliance with relevant regulations and detailing the status of funds raised through convertible bonds [1][16]. Fundraising Overview - The total amount raised through the issuance of convertible bonds was RMB 646 million, with a net amount of RMB 638.18 million after deducting related fees [1]. - As of December 31, 2024, the company had utilized RMB 312.60 million from previous years, leaving a balance of RMB 290.66 million [2]. - In the current reporting period, RMB 82.23 million was used for fundraising projects, with specific details provided in an attached table [3]. Fund Management - The company has established a fundraising management system in accordance with relevant laws and regulations to ensure the proper management and use of raised funds [4]. - Six special accounts for the raised funds have been set up, with agreements signed with various banks and the sponsor [5][6]. Actual Use of Funds - The report indicates that there were no early investments or replacements of fundraising projects during the reporting period [6]. - There were no instances of using idle funds to temporarily supplement working capital [7]. - The company has approved the use of up to RMB 30 million and RMB 25 million of temporarily idle funds for cash management, ensuring that it does not affect the implementation of fundraising projects [8][9]. - As of June 30, 2025, the balance of idle funds used for cash management was RMB 56 million [10]. Other Fund Usage Situations - The company provided a zero-interest loan of RMB 40 million to its wholly-owned subsidiary for fundraising projects, with a repayment period of three years [12]. - There were no changes in the use of fundraising projects or any surplus funds during the reporting period [12]. Compliance and Disclosure - The company has complied with all relevant laws and regulations regarding the use of raised funds and has disclosed the usage status in a timely manner, with no significant violations reported [13][16].