Aohong Electronics(SH:605058) Shang Hai Zheng Quan Bao·2026-01-12 18:09Core Viewpoint - The announcement details the establishment of a special account for raised funds and the signing of a four-party supervision agreement to ensure proper management and usage of the funds raised by Changzhou Aohong Electronics Co., Ltd. [1] Fundraising Basic Information - The company issued 5.8 million convertible bonds at a price of 100 RMB each, raising a total of 58 million RMB, with net proceeds amounting to approximately 57.54 million RMB after deducting underwriting and sponsorship fees [2][3]. Establishment of Special Account and Supervision Agreement - To regulate the storage, management, and use of the raised funds, the company held a board meeting on December 8, 2025, approving the opening of a special account and signing a supervision agreement [4]. - The four-party supervision agreement was signed with the company’s overseas subsidiaries and the sponsoring institution, ensuring compliance with relevant regulations [4][5]. Details of the Special Account - The special account for the subsidiary Changzhou Haihong Electronics Co., Ltd. was opened with a balance of 0 RMB as of January 12, 2026, and is designated solely for the Thailand production base construction project [6][9]. - The agreement stipulates that the supervising bank must provide monthly account statements and that any withdrawals exceeding 50 million RMB or 20% of the net raised funds must be reported to the sponsoring institution [7][10]. Supervision and Compliance - The sponsoring institution has the right to supervise the use of funds and can change designated representatives as needed [8][10]. - The agreement is governed by the laws of the People's Republic of China and will remain effective until all funds are spent and the account is closed [15][19].