HEGC(SZ:000883) Shang Hai Zheng Quan Bao·2025-11-13 18:17Group 1 - The company has received approval from the China Securities Regulatory Commission to issue 597,938,144 shares at a price of 4.85 RMB per share, raising a total of approximately 2.90 billion RMB, with a net amount of about 2.89 billion RMB after deducting issuance costs [1][2] - The funds have been transferred to a designated account on October 17, 2025, and the accounting firm has verified the funds' arrival [1][2] Group 2 - The company has established a special account for the management and use of the raised funds, in compliance with relevant regulations and internal management policies [2][3] - A tripartite regulatory agreement has been signed between the company, China Bank Hubei Branch, and the sponsor, CITIC Securities, to ensure proper management of the funds [2][3] - The special account is exclusively for the storage and use of funds related to the Luotian Pumped Storage Power Station project, prohibiting any non-project-related funds [3][8] Group 3 - The tripartite agreement outlines that the company can invest temporarily idle funds in cash management products, subject to the sponsor's approval [3][4] - The company must ensure that any cash management products do not affect the normal investment plans of the raised funds [4][5] - Monthly account statements must be provided by the bank to the sponsor, ensuring transparency in fund management [6][11] Group 4 - A quadripartite regulatory agreement has also been established for the subsidiary involved in the project, ensuring similar management and oversight of the funds [8][9] - The subsidiary's special account is similarly restricted to project-related funds only, with oversight from the same banking and sponsor entities [8][9] - The agreements include provisions for regular audits and the ability for the sponsor to change representatives as needed [10][12]