Union Precision(SH:688210) Zheng Quan Zhi Xing·2025-08-29 17:47Core Viewpoint - The report details the fundraising and usage status of Shenzhen Panhai Tonglian Precision Manufacturing Co., Ltd. as of June 30, 2025, highlighting the total amount raised, the allocation of funds, and compliance with regulatory requirements [2][4][5]. Fundraising Overview - The company raised a total of RMB 855.2 million by issuing 20 million shares at RMB 42.76 per share, with a net amount of RMB 772.85 million after deducting fees [2][3]. - The funds were received on December 22, 2021, and have been audited by Tianzhi International Accounting Firm [3]. Fund Usage and Balance - As of June 30, 2025, the company has utilized RMB 560.27 million of the raised funds, leaving a balance of RMB 105.13 million in the special account [3][5]. - The funds were allocated to various projects, including RMB 349.64 million for the MIM product production base and RMB 59.77 million for the R&D center [6][8]. Fund Management - The company has established a management system for the raised funds, ensuring they are stored in dedicated accounts and used according to regulatory guidelines [4][5]. - A tripartite supervision agreement was signed with banks to ensure proper management of the funds [4]. Project Status and Adjustments - The company has not made any changes to the investment projects as of the reporting date, but adjustments to the investment amounts and internal structures for specific projects have been proposed [7][8]. - The completion dates for the MIM product production base and R&D center projects have been extended to December 31, 2025, due to phased equipment procurement [8][9]. Compliance and Reporting - The company asserts that it has complied with all relevant regulations regarding the management and disclosure of the raised funds, with no violations reported [7][9].