Core Points - Tongda Smart Technology (Xiamen) Co., Ltd. has signed a four-party supervision agreement regarding the management of raised funds for its overseas subsidiary in Malaysia [1][5][10] - The company has successfully raised a total of RMB 703.64 million through its initial public offering, with a net amount of RMB 624.01 million after deducting various issuance costs [1][2] - A special account for the raised funds has been established at China Construction Bank (Malaysia) Limited, with a current balance of USD 1,400,566.10 [4][5] Fundraising Overview - The company issued 28 million shares at a price of RMB 25.13 per share, approved by the China Securities Regulatory Commission [1][2] - The funds will be used for the expansion of the manufacturing base in Malaysia, with a maximum of RMB 60 million allocated for this purpose [2][3] Four-Party Supervision Agreement Details - The agreement involves Tongda Smart Technology, its Malaysian subsidiary, China Construction Bank (Malaysia), and Guojin Securities as the sponsor [5][6] - The special account is exclusively for the storage and use of funds related to the Malaysian manufacturing base expansion project [5][6] - Guojin Securities will supervise the use of the raised funds and conduct biannual inspections [6][7] Compliance and Reporting - The agreement stipulates that any withdrawals exceeding RMB 50 million or 20% of the net raised funds must be reported to the sponsor [6][7] - Monthly account statements will be provided by the bank to all parties involved [6][7] - The agreement is governed by the laws of the People's Republic of China and will remain effective until all funds are fully utilized [8][9]
通达创智（厦门）股份有限公司关于签订募集资金四方监管协议的公告