CMSK(SZ:001979) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-28 00:40Fundraising Overview - The company received approval from the China Securities Regulatory Commission on June 16, 2023, to issue shares and raise matching funds not exceeding 8.5 billion RMB [2] - As of September 20, 2023, the company issued 719,729,043 A-shares at a price of 11.81 RMB per share, raising a total of approximately 8.5 billion RMB, with a net amount of approximately 8.43 billion RMB after deducting issuance costs [2] Use of Idle Funds - The company plans to use up to 1 billion RMB of idle raised funds to temporarily supplement working capital, with a usage period not exceeding 12 months from the board's approval date [2] Special Account Management - The company established a special account for managing idle raised funds, ensuring compliance with relevant regulations [3] - A tripartite supervision agreement was signed between the company, the bank (China Merchants Bank), and the independent financial advisor (CITIC Securities) to manage the special account [4][5] - The special account is exclusively for the storage and use of funds raised from the share issuance and cannot be used for other purposes [3][4] Cash Management Procedures - The company can invest temporarily idle funds in cash management products, provided it does not affect the normal investment plans of the raised funds [4] - The bank is required to provide monthly account statements to the independent financial advisor [6] - Any withdrawals exceeding 50 million RMB or 20% of the net raised funds must be reported to the financial advisor within five working days [8] Agreement Validity and Dispute Resolution - The tripartite agreement is effective upon signing and remains valid until all funds are fully utilized and the supervision period ends [8] - Any disputes arising from the agreement should first be resolved through negotiation, and if unsuccessful, submitted to the Shenzhen International Arbitration Court [8]