Zheng Quan Zhi Xing·2025-08-29 17:25Core Viewpoint - The company, Beijing StarNet Yuda Technology Co., Ltd., is utilizing part of its idle raised funds to temporarily supplement its working capital, following a thorough review by its sponsor, CITIC Securities [1][2]. Fundraising Overview - The company raised a net amount of RMB 586,583,670.21 through a non-public issuance of 15,835,312 A shares at a price of RMB 13,416,301.47, approved by the China Securities Regulatory Commission [2][3]. - The total amount raised was capped at RMB 600 million, with the funds allocated for specific projects after deducting issuance costs [3][4]. Fund Usage and Projects - The funds were intended for various projects, with a total investment of RMB 686 million, of which RMB 586.58 million was planned to be allocated from the raised funds [4]. - The "Drone Industrialization Project" has been terminated, and RMB 153.35 million of the raised funds will be permanently allocated to working capital [4][6]. Previous Fund Usage - The company previously approved the temporary use of up to RMB 200 million of idle funds to supplement working capital, with a usage period not exceeding 12 months [6][7]. - As of August 28, 2025, RMB 63.4 million of the idle funds had been used and fully returned to the dedicated account within the stipulated limits [6][7]. Current Fund Usage Plan - The company plans to use up to RMB 200 million of idle funds temporarily to enhance fund efficiency and reduce financial costs, with a maximum duration of 12 months [7][8]. - The estimated savings on financial costs from this plan is approximately RMB 6 million, based on a loan market quotation rate of 3.0% [7][8]. Company Commitments - The company commits to using the idle funds strictly for operations related to its main business and will not engage in high-risk investments or change the intended use of the raised funds [8][10]. Approval Process - The board of directors approved the use of idle funds on August 28, 2025, without needing shareholder approval, as it falls within the board's authority [9][10]. - Independent directors unanimously supported the decision, affirming that it aligns with the company's development needs and does not affect the implementation of fundraising projects [9][10]. Sponsor's Review Opinion - The sponsor, CITIC Securities, confirmed that the company has followed necessary approval procedures and that previous fund usages have been returned to the dedicated account, complying with relevant regulations [10][11].