QJSL(SH:600283) Zheng Quan Zhi Xing·2025-08-29 17:14Core Viewpoint - The company has announced the completion of several fundraising projects and plans to allocate the remaining funds to other ongoing projects, enhancing the efficiency of fund utilization and supporting the company's operational needs [1][2][11]. Fundraising and Project Overview - The total amount raised through a targeted issuance of A-shares was approximately RMB 573.18 million, with net proceeds after expenses amounting to RMB 572.37 million [2][3]. - The projects that have been completed include: - "Hucun Water Plant Project (Phase I)" - "Lanxi City Dengsheng Water Plant Project" - "Fuzhou Jiangyin Port City Economic Zone Sewage Treatment Plant Mid-term Project (Phase I)" - "Changshan Overseas Chinese Town Sewage Treatment Plant Expansion and Upgrade Project" [1][2][4]. Remaining Fund Allocation - The remaining funds amount to RMB 106.86 million, which will be redirected to the following projects: - "Yongkang City Sewage Treatment Plant (Phase V)" - "Pinghu City Dushan Port Industrial Water Plant Phase III" [1][5][9]. Fund Utilization Efficiency - The decision to reallocate the remaining funds is based on the actual construction status of the projects, aiming to avoid idle funds and improve the efficiency of fund usage, which is expected to enhance the company's economic benefits [4][11]. Approval Process - The board of directors has approved the reallocation of funds, and the sponsor, CITIC Securities, has provided a clear consent opinion, confirming that the necessary approval procedures have been followed [2][11].