Zheng Quan Zhi Xing·2025-08-29 18:21Core Viewpoint - The company intends to use raised funds to replace self-raised funds previously invested in projects and to cover issuance expenses, following regulatory compliance and internal approvals [1][5][6]. Group 1: Fundraising Overview - The company has been approved to publicly issue 40.01 million shares at a price of RMB 23.60 per share, raising a total of RMB 944.236 million, with issuance costs amounting to RMB 65.914 million [1]. - The funds have been fully received and verified by a certified accounting firm [1]. Group 2: Fund Management and Usage - The company has established a dedicated account for the management of raised funds and signed a tripartite supervision agreement with the bank and the sponsor [2]. - The net proceeds from the fundraising will be allocated to core business projects, including a low-melting-point polyester fiber project and research centers for recycled short fibers and low-melting-point fibers, with a total investment of RMB 114.5315 million [2]. Group 3: Pre-investment and Issuance Expenses - Prior to the arrival of the raised funds, the company used self-raised funds amounting to RMB 592.912 million for project investments and issuance expenses [3][4]. - The total issuance expenses incurred before the funds were received amounted to RMB 88.322 million, with RMB 10.415 million paid from self-raised funds [4]. Group 4: Approval Procedures and Opinions - The company’s board and supervisory committee approved the use of raised funds to replace pre-invested amounts and issuance expenses, which does not require shareholder approval [4]. - The timing of the fund replacement is within six months of the funds being received, complying with relevant regulations [5][6]. - The supervisory committee and the accounting firm have both confirmed that the actions taken are in accordance with regulations and do not harm shareholder interests [5][6].