CNECC(SH:601611) Shang Hai Zheng Quan Bao·2025-08-29 05:15Group 1 - The company has completed a non-public offering of 371,639,466 shares at a price of 6.75 yuan per share, raising a total of approximately 2.51 billion yuan, with a net amount of about 2.50 billion yuan after deducting issuance costs [2][3] - The company has established a management system for the raised funds, ensuring their proper use and safeguarding investor interests [3][4] - As of June 30, 2025, the company has not used idle raised funds for cash management or to supplement working capital [6][7] Group 2 - The company is undergoing a board of directors' election process, with the fourth board's term having expired, and a new board to be elected by shareholders [16][17] - The fifth board of directors will consist of nine members, including six non-independent directors and three independent directors [16][17] - The election of the new board is scheduled to take place at the shareholders' meeting on September 22, 2025 [51][52] Group 3 - The company has announced an associated transaction involving Shanghai Zhongke Science and Technology Park Development Co., Ltd., which owes a total of approximately 848.99 million yuan to four subsidiaries [23][24] - The transaction involves the transfer of two office buildings valued at approximately 905.02 million yuan to offset the owed engineering payments [24][28] - The transaction has been approved by the company's board and does not require further shareholder approval as it does not constitute a major asset restructuring [23][24]