Hubei Wanrun New Energy Technology (SH:688275) Shang Hai Zheng Quan Bao·2025-08-30 01:20Core Viewpoint - The report outlines the fundraising activities and management of Hubei Wanrun New Energy Technology Co., Ltd., detailing the total amount raised, the usage of funds, and the company's compliance with regulatory requirements [4][26][46]. Group 1: Fundraising Overview - The company raised a total of RMB 638,858.20 million through the issuance of 21,303,795 shares at a price of RMB 299.88 per share, with a net amount of RMB 614,562.26 million after deducting issuance costs [4][26]. - As of June 30, 2025, the company had utilized RMB 593,293.73 million of the raised funds, leaving RMB 28,654.61 million unutilized [6][10]. Group 2: Fund Management - The company has established special accounts for the management of raised funds, ensuring compliance with relevant laws and regulations [7][25]. - A tripartite supervision agreement was signed with banks and the sponsor to oversee the management of the raised funds [7][8]. Group 3: Fund Usage - The company has invested RMB 579,860.75 million in related projects, excluding the permanent replenishment of working capital from surplus funds [10][15]. - Surplus funds from the "Hongmai High-tech High-performance Lithium-ion Battery Material Project" amounting to RMB 13,432.98 million have been permanently allocated to replenish working capital [15][19]. Group 4: Cash Management - The company plans to use up to RMB 20,000.00 million of temporarily idle raised funds for cash management, focusing on safe and liquid investment products [23][32]. - The cash management strategy aims to enhance the efficiency of fund usage while ensuring that it does not affect the progress of investment projects [37][48]. Group 5: Compliance and Oversight - The supervisory board has confirmed that the company adheres to all relevant regulations regarding the management and usage of raised funds, ensuring no harm to shareholder interests [46][48]. - The sponsor has also provided a no-objection opinion regarding the cash management proposal, affirming its compliance with regulatory requirements [40][48].