China Bester (SH:603220) Shang Hai Zheng Quan Bao·2026-01-30 21:23Core Viewpoint - The company, Zhongbei Communication Group Co., Ltd., has approved the use of raised funds to replace pre-invested self-raised funds for project investments and paid issuance expenses, totaling RMB 82,085,453.01, in compliance with regulations regarding fund replacement within six months of receipt [8][10][12]. Group 1: Fund Replacement - The company plans to use RMB 78,449,603.93 to replace pre-invested self-raised funds for project investments and RMB 3,635,849.08 for paid issuance expenses, totaling RMB 82,085,453.01 [8][10]. - The board meeting held on January 30, 2026, approved the proposal with a unanimous vote of 9 in favor [2][5]. - The proposal does not require submission to the shareholders' meeting as it does not involve related party transactions [2][5]. Group 2: Cash Management - The company has approved the use of up to RMB 100,000 million of idle raised funds for cash management, ensuring it does not affect the normal operation of investment projects [3][21]. - The investment will be in low-risk, high-liquidity, principal-protected products with a maximum term of twelve months [22][23]. - The board has authorized the chairman to make specific decisions regarding the cash management within the approved limits [4][23]. Group 3: Fundraising Overview - The company raised a total of RMB 1,920,234,782.07 through the issuance of 102,085,847 shares at RMB 18.81 per share, with a net amount of RMB 1,890,878,924.49 after deducting issuance expenses [19][20]. - The funds were received on January 20, 2026, and have been verified by Tianjian Accounting Firm [19][20]. Group 4: Compliance and Oversight - The company has followed necessary approval procedures for the fund replacement and cash management, ensuring compliance with relevant regulations [12][32]. - The sponsor has confirmed that the actions taken do not conflict with the investment plans and will not harm shareholder interests [12][32].