Huaneng Hydropower(SH:600025) Shang Hai Zheng Quan Bao·2025-09-25 19:53Group 1: Fundraising Overview - The company has received approval from the China Securities Regulatory Commission to issue shares to specific investors, with a total of 631,094,257 shares issued at a price of RMB 9.23 per share, raising a total of RMB 5,824,999,992.11 [1] - After deducting issuance costs of RMB 21,874,277.76, the net amount raised is RMB 5,803,125,714.35, verified by Tianzhi International Accounting Firm [1] Group 2: Fund Management and Regulatory Agreements - To ensure proper management and usage of the raised funds, the company has opened special accounts at various banks and signed both three-party and four-party regulatory agreements [2] - The three-party agreement involves the company, China Agricultural Bank, and the sponsor, CITIC Securities, while the four-party agreement includes additional entities [4] - The special accounts are exclusively for the storage and use of the raised funds, prohibiting any non-raising funds or alternative uses [6] Group 3: Key Provisions of the Regulatory Agreements - The company can invest temporarily idle funds in cash management products, provided it complies with relevant regulations and informs the sponsor [6] - The sponsor has the right to supervise the management and usage of the raised funds, conducting regular checks and requiring timely reporting from the banks [7][8] - Any significant withdrawals exceeding 20% of the net amount raised must be reported to the sponsor within five working days [9] Group 4: Compliance and Dispute Resolution - The agreement stipulates that any party violating the terms will bear responsibility for losses incurred by others [10] - Disputes arising from the agreement should first be resolved through negotiation, failing which they can be brought to the Kunming People's Court [10]