Luster(SH:688400) Shang Hai Zheng Quan Bao·2025-11-17 19:01Core Viewpoint - The company has completed the "Industrial Artificial Intelligence Algorithm and Software Platform R&D Project" and will allocate the remaining funds to other fundraising projects, optimizing resource allocation and improving the efficiency of fund usage [1][10]. Fundraising Basic Information - The company raised a total of RMB 1,973.70 million from the initial public offering of 90 million shares at a price of RMB 21.93 per share, with a net amount of RMB 1,805.28 million after deducting issuance costs [2]. - An additional 13.5 million shares were issued through the exercise of the over-allotment option, raising an extra RMB 296.06 million, resulting in a net amount of RMB 275.26 million after costs [3]. Fundraising Project Status - The company has approved the use of excess funds for various projects, including the "Technology and Development Reserve Fund" and the "Visual + AI Virtual Reality Content Production Center" [4][5]. Fund Usage and Surplus Situation - The "Industrial Artificial Intelligence Algorithm and Software Platform R&D Project" has been completed, leading to a surplus in funds due to effective management and optimization of project expenditures [6][8]. Reasons for Fund Surplus - The surplus is attributed to careful project management, optimization of R&D paths, and effective cash management of idle funds, which generated additional income [8]. Planned Use of Surplus Funds - The surplus funds will be redirected to the "Industrial Artificial Intelligence Taihu Industrial Base" for construction and equipment expenses [9]. Impact of Fund Allocation Changes - The decision to conclude the project and reallocate surplus funds is seen as a prudent move that aligns with the company's operational realities and long-term development goals, benefiting shareholders [10]. Special Opinions - The sponsor institution has confirmed that the decision to conclude the project and reallocate funds has followed necessary approval procedures and complies with relevant regulations [11][12].