Core Viewpoint - Guizhou Hongxing Development Co., Ltd. has announced the completion of the Chongqing Ruide Sida Optoelectronic Materials Project, which has reached its intended usable state, and there are no surplus funds remaining after deducting pending payments [2][4]. Fundraising Overview - The company raised a total of RMB 579,999,997.22 through the issuance of 47,894,302 A-shares, with a net amount of RMB 568,048,615.35 after deducting issuance costs of RMB 11,951,381.87 [2][3]. - The funds were verified by Zhongxinghua Accounting Firm, which issued a report confirming the funds' arrival on October 25, 2023 [2]. Project Adjustment and Usage - The company adjusted its fundraising plan, changing the focus from a "50,000 tons/year high-purity manganese sulfate project" to the "Chongqing Ruide Sida Optoelectronic Materials Project" [3]. - As of December 31, 2025, the usage of the raised funds is documented, with no surplus funds remaining for the project [3][4]. Project Completion and Fund Management - The Chongqing Ruide Sida Optoelectronic Materials Project has been officially concluded, with no surplus funds after accounting for pending contractual payments [4]. - The company will maintain a dedicated account for the raised funds, which will continue to be monitored according to relevant regulations until all funds are utilized [5]. Approval Process for Project Completion - The completion of the project did not require board approval or input from the sponsor, as there were no surplus funds remaining [6].
贵州红星发展股份有限公司关于募投项目结项的公告