Shang Hai Zheng Quan Bao·2026-02-25 17:32Core Viewpoint - The company has approved the establishment of a dedicated fundraising account for the Hunan Book City upgrade project, enhancing the management of raised funds without altering their intended use [1][3]. Fundraising Basic Situation - The company raised a total of RMB 424,268.00 million from its initial public offering in October 2010, with a net amount of RMB 412,300.20 million after deducting various fees [2]. - As of December 31, 2025, the remaining balance of the raised funds was RMB 2,313,810,588.27, all stored in dedicated fundraising accounts [2]. Establishment of Dedicated Fundraising Account - The new dedicated account will be set up under the subsidiary Hunan Xinhua Bookstore Co., Ltd., specifically for the Hunan Book City upgrade project [2]. - The account details include the name Hunan Xinhua Bookstore Co., Ltd., account number 1901002029200292382, and it will be opened at the Industrial and Commercial Bank of China, Changsha Zhongshan Road Branch [2]. Impact of the New Fundraising Account - The establishment of this account does not change the purpose of the raised funds or affect the investment plan, complying with relevant regulations and enhancing fund management [3]. - The move is designed to protect the interests of shareholders, particularly minority investors [3]. Board Meeting Decisions - The company's board of directors held a meeting on February 24, 2026, where the proposal for the new fundraising account was unanimously approved [5][6]. - The meeting was conducted in accordance with the Company Law and the company's articles of association, with all 10 participating directors voting in favor [5][8]. Other Resolutions - The board also approved a capital increase of RMB 90 million to Puri Industrial Co., Ltd. to support its liquidity and project operations [9]. - Additionally, revisions to the internal control management measures and self-evaluation guidelines were approved [11][12].