Group 1 - The company completed the cancellation of its fundraising special accounts related to its initial public offering (IPO) [7] - The total amount raised during the IPO was 380.5252 million yuan, with a net amount of 343.4518 million yuan after deducting issuance costs [2] - The company established a fundraising management system to ensure proper management and usage of the raised funds [3] Group 2 - A tripartite supervision agreement was signed with several banks to regulate the management of the raised funds and protect investor rights [4] - The company made adjustments to its fundraising projects, including the expansion of its flooring production line [5] - The special accounts for supplementary working capital and loan repayment were canceled in April 2020 after the funds were fully utilized [6] Group 3 - The board approved the completion of the fundraising projects and the permanent allocation of surplus funds to daily operations [7] - The cancellation of the fundraising special accounts was confirmed in a recent board meeting and approved by the shareholders [7] - The company has fully completed the cancellation of all fundraising special accounts as of the announcement date [7]

Core Viewpoint - Zhejiang Jinsheng New Materials Co., Ltd. faces regulatory penalties for failing to disclose related party transactions involving the chairman's nephew, coinciding with a recent share reduction plan by the second-largest shareholder [1][3][5] Group 1: Regulatory Issues - The company received an administrative penalty notice from the Zhejiang Securities Regulatory Bureau for not disclosing a related party transaction involving its chairman's nephew, who was awarded a construction contract worth 1.18 billion yuan [3][5] - The contract was later amended to a total of 1.50 billion yuan, with significant transaction amounts occurring in 2022, which constituted 18.6% of the company's audited net assets for that year [4][5] - The regulatory body plans to impose a fine of 1.5 million yuan on the company and additional fines on four responsible individuals, totaling 5.5 million yuan [5][6] Group 2: Financial Performance - Since its IPO in July 2020, the company has experienced a decline in revenue and profits, with a 24.3% drop in revenue to 260 million yuan in 2020 and a 47.46% decrease in net profit [7][8] - The company has reported consecutive losses over the past three years, with net profits of -22.51 million yuan in 2022 and -22.64 million yuan in 2024 [8] - In the first half of 2025, the company continued to report losses, with a revenue of 151 million yuan, down 9.33% year-on-year [8] Group 3: Shareholder Actions - The second-largest shareholder, Ningbo Liyi Venture Capital Center, announced a plan to reduce its holdings by up to 300,000 shares, representing 2% of the total share capital [9][10] - This shareholder had previously faced penalties for violating reduction commitments, having sold shares below the promised minimum price [11]

Core Viewpoint - Dongguan Kaige Precision Machinery Co., Ltd. has been found to have violated regulations regarding the use of raised funds, leading to corrective measures imposed by the Guangdong Securities Regulatory Bureau and warnings issued to key executives [1][2][3]. Group 1: Violations of Fund Usage - The company exceeded the planned salary payments for the "Research and Testing Center Project" by CNY 26.91 million, with total salary payments amounting to CNY 44.80 million instead of the disclosed CNY 17.89 million [1][2][19]. - The company improperly allocated CNY 522.53 million in salaries for temporary employees and interns unrelated to the "Precision Intelligent Manufacturing Equipment Production Base Construction Project" [1][2][20]. Group 2: Regulatory Actions - The Guangdong Securities Regulatory Bureau has mandated corrective actions for the company and issued warning letters to Chairman Qiu Guoliang, former General Manager Liu Xiaoning, former CFO Song Kaiping, and Secretary Qiu Jinglin [2][3][19]. - The Shenzhen Stock Exchange has also issued a regulatory letter citing violations of the "Entrepreneurial Board Stock Listing Rules" and the "Self-Regulatory Guidelines for Listed Companies" [3][20][21]. Group 3: Company Background - Kaige Precision Machinery was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on August 16, 2022, raising a total of CNY 880.27 million, with a net amount of CNY 819.97 million after deducting issuance costs [4][5]. - The company is controlled by Qiu Guoliang and Peng Xiaoyun, with Qiu serving as the Chairman since September 2019 [5][6].

Core Viewpoint - The company reported a significant increase in contract signing and cash flow, indicating strong operational performance in the third quarter of 2025. Financial Performance - The total amount of contracts signed by the company in the first three quarters of 2025 increased by 4.06% year-on-year, with domestic contracts remaining stable and international contracts growing by 38.71% [5] - The net cash flow from operating activities rose by 49.86% year-on-year, primarily due to increased collections from accounts receivable [5] Board Meeting and Resolutions - The company's second board meeting on October 22, 2025, was held in compliance with legal regulations, with all eight directors present [8] - The board approved the third quarter report, confirming that the report accurately reflects the company's situation without any false statements or omissions [9][10] Use of Idle Funds - The company plans to temporarily use up to 60 million yuan of idle raised funds to supplement working capital, ensuring it does not affect ongoing investment projects [13][21] - The expected savings on financial costs from this decision is approximately 1.8 million yuan, based on current market interest rates [21] Impairment Provisions - The company has recognized a total of 23,412,925.87 yuan in credit impairment and asset impairment provisions for the first nine months of 2025, which will reduce the profit for this period [28] - This provision is in line with accounting standards and reflects a cautious approach to financial reporting [29]

Core Points - The company has fully returned 79 million yuan of idle raised funds to the special account for raised funds, with the usage period not exceeding 12 months, ensuring no impact on the normal progress of the investment plan [1] - The company held meetings on November 12, 2024, to approve the temporary use of up to 79 million yuan of idle raised funds for working capital, with a usage period not exceeding 12 months from the approval date [1] - The company managed the funds prudently during the usage period, ensuring no change in the purpose of the raised funds and no risk investment behavior, with good fund utilization [1] Fund Management - The proper use and timely return of idle raised funds reflect the company's prudent attitude towards fund management, improving fund efficiency and ensuring the smooth implementation of investment projects [2] - The actions comply with regulatory requirements outlined in the "Regulatory Guidelines for Listed Companies No. 2 - Management and Use of Raised Funds" [2]

Core Viewpoint - The company has completed the investment projects funded by the public issuance of convertible bonds and will permanently supplement its working capital with the remaining funds, amounting to 265.96 million yuan [2][5]. Group 1: Fundraising Basic Situation - The fundraising project includes the production of high-nickel ternary cathode materials and nickel sulfate, among others, which have reached the expected usable state as of September 30, 2025 [2][4]. - The total remaining amount from the fundraising is 26,595.79 thousand yuan, which will be used for daily production and operations [2]. Group 2: Project Completion and Fund Surplus - The projects funded by the convertible bonds have been completed and are operational, meeting the conditions for project completion [2][4]. - The remaining funds will be used to enhance the efficiency of fund utilization and reduce financial costs, without adversely affecting the company's normal operations [3][5]. Group 3: Review Procedures and Opinions - The audit committee and board of directors have approved the project completion and the use of surplus funds, confirming compliance with regulatory requirements and protection of shareholder interests [3][4][5]. - The surplus funds account for 3.52% of the net amount raised from the convertible bond issuance, which does not exceed the 10% threshold, thus not requiring shareholder meeting approval [5].

Core Points - Company has returned 200 million yuan of idle raised funds to the special account, ensuring compliance and orderly management of funds [1][2] - The board approved the temporary use of idle funds for liquidity, with a maximum of 200 million yuan for up to 12 months [1] - The return of the temporary funds demonstrates the company's adherence to regulatory standards in fund management [2]

二、本次闲置募集资金临时补充流动资金的情况 证券代码：603197 证券简称：保隆科技公告编号：2025-101 债券代码：113692 债券简称：保隆转债 上海保隆汽车科技股份有限公司关于签订募集资金三方监管协议的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 一、募集资金基本情况 经中国证券监督管理委员会（以下简称"中国证监会"）证监许可〔2024〕1184号文《关于同意上海保隆 汽车科技股份有限公司向不特定对象发行可转换公司债券注册的批复》核准，上海保隆汽车科技股份有 限公司（以下简称"公司"）于2024年10月31日向不特定对象发行面值总额139,000.00万元可转换公司债 券，期限6年，每张面值为人民币100元，发行数量1,390.00万张，募集资金总额为人民币139,000.00万 元。扣除发行费用人民币1,292.75万元（不含税）后，募集资金净额为人民币137,707.25万元。上述募集 资金到位情况已经大信会计师事务所（特殊普通合伙）验证，并由其出具《验资报告》（大信验字 〔2024〕第1-00069 ...

Core Points - Guangdong Guanghua Technology Co., Ltd. has signed a fundraising four-party supervision agreement and canceled part of the special fundraising accounts [1][2][3] Fundraising Overview - The company issued 65,543,067 shares at a price of RMB 10.68 per share, raising a total of RMB 699,999,955.56, with a net amount of RMB 688,883,783.42 after deducting fees [2][3] - The funds will be allocated to the "Specialized Chemical Materials Intelligent Manufacturing Project" through its wholly-owned subsidiary, Guangdong Guanghua Chuangyuan New Materials Co., Ltd. [1][2] Fundraising Management - A special fundraising account has been opened at China Bank, and a four-party supervision agreement has been signed to ensure proper management and protection of investor rights [3][4] - The special account is designated solely for the project and cannot be used for other purposes [4][6] Compliance and Oversight - The agreement stipulates that the underwriter, Dongfang Securities, will supervise the use of the funds and has the right to conduct on-site investigations [4][6] - Monthly account statements must be provided to ensure transparency, and any withdrawals exceeding RMB 50 million or 20% of the net amount must be reported [6][7] Regulatory Actions - The company received a warning letter from the Guangdong Securities Regulatory Bureau for disclosing non-public information during an analyst meeting, which could significantly impact stock trading [11][12] - The company is required to rectify the issues and report back to the regulatory authority within 30 days [13][14]

Fundraising Overview - The company successfully raised a total of RMB 185,415.74 million by issuing 27,806,800 shares at a price of RMB 66.68 per share, with a net amount of RMB 170,929.30 million after deducting issuance costs of RMB 14,486.45 million [1] Changes in Fundraising Projects - The company decided to reallocate RMB 48 million of unused fundraising to two new projects: a 1,500-ton acyl phosphine oxide series photoinitiator project and a 350-ton hydroxy ketone series photoinitiator project, with the approval from the board and shareholders [2][3] Fund Management and Supervision - The company established special fundraising accounts for the new projects and signed a tripartite supervision agreement with the banks and the sponsor to ensure compliance with fundraising management regulations [3][4] - The special accounts are designated solely for the respective projects, ensuring that funds are not used for other purposes [5][9] Agreement Details - The tripartite agreement outlines the responsibilities of each party, including the management of funds, supervision by the sponsor, and the requirement for monthly account statements [6][7] - The agreement will remain effective until all funds are utilized and the supervision period concludes [8][12]