Core Viewpoint - The company has established a temporary special account for the use of idle raised funds to supplement its working capital, ensuring compliance with regulatory requirements and protecting investor interests [1][2]. Summary by Sections Fundraising Overview - The company raised a total of RMB 116,800 million from its initial public offering (IPO) by issuing 100 million shares at a price of RMB 11.68 per share, with a net amount of RMB 107,104.44 million after deducting issuance costs [1]. Establishment of Special Account - On October 24, 2025, the company’s board approved the opening of a temporary special account for the purpose of supplementing working capital, and authorized the management to handle the account setup and regulatory agreement [2][3]. Regulatory Agreement Details - The agreement involves three parties: the company, China Construction Bank, and Tianfeng Securities. It aims to regulate the management of raised funds and protect the rights of small investors [3][4]. - The special account has been opened with a balance of RMB 0 as of October 31, 2025, and is strictly designated for temporary working capital purposes [4]. Responsibilities and Oversight - Tianfeng Securities will supervise the use of the raised funds, conducting semi-annual inspections and ensuring compliance with relevant regulations [5][6]. - The bank is required to provide monthly statements to the company and Tianfeng Securities, ensuring transparency in fund management [5][6]. Conditions for Fund Withdrawal - If the company withdraws more than RMB 50 million or 20% of the net raised funds within a twelve-month period, the bank must notify Tianfeng Securities promptly [6]. - The agreement can be terminated if the bank fails to provide timely statements or cooperate with investigations [6]. Agreement Validity - The agreement is effective upon signing and will remain in force until all funds are utilized and the account is closed [6][7].
湖北兴福电子材料股份有限公司关于开立募集资金临时补充流动资金专项账户并签订募集资金临时补充流动资金专项账户监管协议的公告