Appo(SH:688007) Zheng Quan Zhi Xing·2025-08-29 14:20Fundraising Overview - The company raised a total of RMB 119 million by issuing 68 million shares at RMB 17.50 per share, with a net amount of RMB 106.25 million after deducting issuance costs of RMB 12.75 million [1] - As of June 30, 2025, the company has utilized RMB 99.23 million of the raised funds, with a remaining balance of RMB 5,072.57 [1][2] Fund Management - The company has established a dedicated account for managing the raised funds, ensuring compliance with relevant regulations and protecting investor interests [1] - The company has signed a tripartite supervision agreement with its sponsor and the bank managing the funds, which is functioning normally as of June 30, 2025 [1] Fund Utilization - The company has not replaced any of the raised funds with its own prior investments [1] - A total of RMB 11.6 million of temporarily idle funds has been approved for cash management, with investments in safe and liquid financial products [1] - The company has not used idle funds to temporarily supplement working capital during the reporting period [1][2] Project Status - The company has completed the projects "New Generation Laser Display Product R&D and Industrialization" and "Headquarters R&D Center Project," reallocating surplus funds to permanent working capital [1][3] - The expected output from the "New Generation Laser Display Product R&D" project is 135,000 units per year, but actual production has been affected by market demand and supply chain issues [3] Compliance and Reporting - The company has adhered to all relevant laws and regulations regarding the use and disclosure of raised funds, with no significant issues reported [1][2] - The company has not experienced any abnormal situations regarding the investment projects funded by the raised capital [2]