Conglin Technology(SH:688370) Shang Hai Zheng Quan Bao·2025-11-07 19:54Group 1 - The company Shanghai Conglin Environmental Technology Co., Ltd. has established a new special account for raised funds and signed a four-party supervision agreement for the storage of these funds [3][4][5] - The company raised a total of RMB 1,589,985,615.60 through the issuance of 26,606,185 shares at a price of RMB 59.76 per share, with a net amount of RMB 1,436,889,567.35 after deducting expenses [2] - The special account is designated solely for the storage and use of funds related to the hazardous waste disposal project in the Shiyang Port Economic Zone [4][5] Group 2 - The four-party supervision agreement includes the company, its subsidiary Yancheng Yuanshun Environmental Technology Co., Ltd., the sponsor CITIC Securities Co., Ltd., and the storage bank, Bank of Communications Co., Ltd. [3][4] - The agreement stipulates that the funds in the special account cannot be used for non-designated purposes and must comply with relevant regulations [5][6] - The sponsor is responsible for ongoing supervision of the fund management and usage, ensuring compliance with the regulations set by the Shanghai Stock Exchange [6][7]