Zheng Quan Zhi Xing·2025-08-29 17:25Core Viewpoint - The company is utilizing its own funds to pay for part of the investment projects and will replace these with raised funds in an equivalent amount, ensuring compliance with relevant regulations and maintaining the efficiency of fund usage [1][6]. Fundraising Overview - The company raised a total of RMB 599,999,971.68 through a non-public issuance of 15,835,312 A shares at a price of RMB 37.89 per share, after deducting issuance costs [1][2]. - The total investment amount for the projects is RMB 686,000,000, with RMB 586,583,700 allocated from the raised funds [2]. Investment Project Details - The company has decided to terminate the "Drone Industrialization Project" and will permanently supplement the raised funds into working capital for daily operations [2][4]. Reasons for Using Own Funds - The company faced operational challenges in using raised funds directly for payroll and other expenses due to banking regulations, necessitating the use of its own funds initially [3][4]. - Payments for social security and taxes must be made through the company's main accounts, complicating the use of raised funds [3][4]. - The company also needs to manage travel expenses through a centralized platform, which is more efficient with its own funds [3][4]. Operational Process for Fund Replacement - The company will maintain detailed records of expenditures made with its own funds and will replace these with raised funds within six months [5]. - The process includes regular audits and oversight by the sponsoring institution to ensure compliance and proper fund management [5][6]. Impact on the Company - This approach is expected to enhance the efficiency of fund usage and overall operational management, ensuring the smooth progress of investment projects without altering the intended use of raised funds [5][6]. Decision-Making Process - The board of directors approved the use of own funds for project payments and the subsequent replacement with raised funds, confirming that this does not affect the intended use of the raised funds [6]. - Independent directors also reviewed and approved the process, affirming that it adheres to necessary procedures and regulations [6]. Sponsoring Institution's Review - The sponsoring institution has confirmed that the company's actions comply with relevant laws and regulations, and do not affect the normal implementation of investment projects [6].