Fundraising Overview - The company has successfully completed its initial public offering (IPO) of 49.6753 million shares at a price of RMB 22.33 per share, raising a total of RMB 1,109,249,449, with a net amount of RMB 994,640,919 after deducting issuance costs [1][2] Fund Management and Regulatory Compliance - The company has established a special account for the management of the raised funds and signed a tripartite supervision agreement with the sponsor and the bank where the funds are deposited [2][3] - The agreement aims to ensure the proper use of funds for the "R&D Center Upgrade Project" and prohibits the use of these funds for any other purposes [3][4] Account Opening and Agreement Details - A new fundraising special account has been opened at China Postal Savings Bank, and the agreement includes provisions for the management and supervision of the funds [3][4] - The agreement specifies that the company can store part of the funds in deposits but cannot directly withdraw from these deposits [4][5] Supervision and Reporting - The sponsor is responsible for ongoing supervision of the fund management, including conducting at least biannual inspections of the fund's storage and usage [4][5] - The company must notify the sponsor of any significant expenditures from the special account and provide necessary documentation [5]

Core Viewpoint - The document outlines the management and usage of funds raised by Shenzhen Zhitong Electronics Co., Ltd, emphasizing the protection of investor interests and compliance with relevant laws and regulations. Group 1: General Principles - The management system is established to regulate the management and use of raised funds, ensuring investor interests are maximized [1] - The raised funds must be used for specific purposes as stated in the prospectus and related documents [1][3] Group 2: Fund Storage - The company must implement a special account storage system for raised funds, ensuring that these funds are not mixed with other funds [7] - A tripartite supervision agreement must be signed with the sponsor or independent financial advisor and the commercial bank within one month of the funds being in place [8] Group 3: Fund Usage Management - Fund expenditures must follow strict approval procedures, with plans proposed by relevant departments and approved by the financial head and chairman [9] - The company must ensure the authenticity and fairness of fund usage, preventing misuse by controlling shareholders or related parties [12] Group 4: Changes in Fund Usage - Any changes in the use of raised funds must be approved by the board of directors and disclosed to shareholders [23][24] - If the investment project is terminated or funds are left over, the company can change the use of those funds to permanently supplement working capital, following specific requirements [28] Group 5: Fund Management and Supervision - The accounting department must maintain detailed records of fund usage, and internal audits should occur quarterly [29][30] - The company must disclose any significant violations or risks in fund management to the board and the Shenzhen Stock Exchange [30][31]

Core Viewpoint - The company intends to extend the repayment of idle raised funds and continue using them for temporary working capital to address cash flow pressures due to overdue receivables from clients [4][5][7] Fundraising Overview - The total amount raised from the issuance of A-shares is approximately 294.90 million yuan, with a net amount of about 284.34 million yuan after deducting issuance costs [3] - As of July 18, 2025, the company has utilized approximately 92.88 million yuan of the raised funds, leaving about 203.03 million yuan temporarily idle [3][4] Previous Use of Idle Funds - In July 2024, the company approved the use of up to 100 million yuan of idle funds for temporary working capital, with a usage period not exceeding 12 months [4] Current Situation of Idle Funds - The company plans to extend the repayment of 100 million yuan of idle funds for an additional 12 months due to slower-than-expected cash inflow from overdue receivables [5][6] - The extension aims to maintain operational cash flow stability and improve the efficiency of fund usage [5][6] Justification for Extension - The company emphasizes that the use of idle funds will not affect the normal implementation of fundraising projects and is necessary to meet daily operational needs [5][6] - It is estimated that this temporary use of funds could save approximately 3 million yuan in financial costs over a year, based on current bank loan rates [5] Approval Process - The proposal for extending the repayment of idle funds has been approved by the company's board of directors, supervisory board, and independent directors, ensuring compliance with relevant regulations [6][7] - The independent directors and supervisory board agree that this decision will enhance fund utilization efficiency without harming the interests of shareholders [6][7]

Group 1 - The company has issued 9,500,000 convertible bonds at a face value of RMB 100 each, raising a total of RMB 950 million, with net proceeds amounting to RMB 930,335,590 after deducting related expenses [1][2] - The funds raised have been verified by Zhongxi Accounting Firm, and the company has established a dedicated account for fund management in compliance with regulations [2] - A tripartite supervision agreement has been signed among the company, China Agricultural Development Bank Shenzhen Branch, and Guosheng Securities to ensure proper use of the raised funds [3][4] Group 2 - The special account for temporary liquidity support has been opened, and the company has agreed to use the funds solely for this purpose [3] - The supervisory party (Guosheng Securities) will conduct biannual inspections of the fund usage and storage, ensuring compliance with the established management system [3][4] - The agreement will remain effective until all funds are utilized and the account is closed, with obligations continuing until the funds are fully expended [4]

Fundraising Overview - The company, Dongguan Changlian New Materials Technology Co., Ltd., has successfully completed its initial public offering (IPO) of 16.11 million shares at a price of RMB 21.12 per share, raising a total of RMB 340.24 million. After deducting issuance costs of RMB 63.03 million, the net proceeds amount to RMB 277.21 million [1][2]. Fund Utilization and Project Adjustment - The company has restructured its fundraising projects, merging the original projects into a new project with an annual production capacity of 27,750 tons of environmentally friendly water-based printing paste. This adjustment aims to optimize capacity layout and resource allocation, enhancing the efficiency and return on investment of the raised funds [2][3]. Fund Management and Supervision - A new fundraising supervision agreement has been signed among the company, Dongguan Rural Commercial Bank, and Dongguan Securities as the sponsor. The agreement stipulates that the raised funds must be used exclusively for the designated projects and cannot be mixed with other funds [3][4]. Compliance and Reporting - The company is required to comply with relevant regulations regarding the management of raised funds, including regular audits and reporting to the stock exchange. The sponsor has the authority to conduct on-site inspections and inquiries to ensure proper management and usage of the funds [4][5]. Fund Security Measures - The agreement includes provisions to ensure that the funds are kept in secure, high-safety financial products, such as structured deposits and large-denomination certificates of deposit, with a maximum term of twelve months. The funds cannot be pledged or used for other purposes [5][6].

Core Viewpoint - Ningbo Tianyi Medical Instrument Co., Ltd. has announced the establishment of a special account for raised funds and signed a five-party supervision agreement for the management of these funds, shifting the focus from a previously planned project to a new project in Thailand [1][2]. Fundraising Basic Information - The company raised a total of 14736800 shares at an issuance price of RMB 52.37 per share, resulting in total fundraising of approximately RMB 772.5 million. After deducting related expenses of RMB 18.04 million, the net amount raised is RMB 694.56 million [1][2]. Changes in Fund Usage - The company has decided to terminate the original fundraising project for the "Comprehensive R&D Center Construction Project" and redirect all remaining funds to the new "Thailand Production Base Construction Project" [1][2]. Establishment of Special Fund Account - A special account for the raised funds has been established at the Industrial and Commercial Bank of China (Thailand) with the account number 5100303754, specifically for the Thailand production base project [2][3]. Five-Party Supervision Agreement - The five-party supervision agreement includes the company, its Singapore subsidiary, its Thai subsidiary, the Industrial and Commercial Bank of China (Thailand), and the sponsor, Guotai Junan Securities. This agreement aims to regulate the management of the raised funds and protect the rights of small investors [5][6]. Fund Transfer Process - The process for transferring the remaining funds involves several steps, including returning funds from the subsidiary to the company and then transferring them to newly established accounts for both RMB and USD at the Shanghai Pudong Development Bank [2][4]. Completion of Fund Management Steps - The company has completed the necessary steps for fund management, including the reduction of capital for its subsidiary and the establishment of both RMB and USD special accounts at the Shanghai Pudong Development Bank [3][4].

Core Viewpoint - The company, Nanya New Materials Technology Co., Ltd., has completed certain fundraising projects and intends to permanently supplement its working capital with the remaining funds from these projects [1][5][7]. Fundraising Overview - The company raised a total of RMB 191,036.00 million through the issuance of 58.6 million A-shares at a price of RMB 32.60 per share, with a net amount of RMB 178,607.94 million after deducting issuance costs [1][2]. - The funds were stored in a dedicated account, and a regulatory agreement was signed with the underwriter and the bank [2]. Investment Plans and Usage - The investment projects included: - Construction project for 15 million square meters of high-frequency, high-speed electronic circuit substrates for 5G communications, with a total investment of RMB 6,500.00 million [2]. - Expansion project for 10 million square meters of high-frequency, high-speed electronic circuit substrates for 5G communications, with a total investment of RMB 39,785.99 million [2]. - The total planned investment was RMB 182,739.99 million, with RMB 179,755.99 million allocated from the raised funds [2]. Fund Usage and Surplus - As of June 30, 2025, the total funds used for the projects were RMB 131,039.00 million, with a surplus of RMB 22,090.32 million [3][4]. - The surplus was primarily due to effective cost control and management during the project implementation [4]. Future Plans for Surplus Funds - The company plans to use the surplus funds of RMB 22,090.32 million to permanently supplement its working capital for daily operations, enhancing cash flow and economic efficiency [4][5]. Decision-Making Process - The decision to conclude the fundraising projects and allocate surplus funds was approved by the company's board of directors and supervisory board, without the need for a shareholders' meeting [5][7]. - The supervisory board believes that using surplus funds for working capital will optimize resource allocation and improve the efficiency of fund usage, aligning with the company's development strategy [5][7]. Underwriter's Opinion - The underwriter, Everbright Securities, has no objections to the company's decision to conclude the fundraising projects and permanently supplement working capital, confirming compliance with relevant laws and regulations [6][7].

Fundraising Overview - The company has raised a total of RMB 1,840,000,000 through its initial public offering, with a net amount of RMB 1,692,800,000 after deducting underwriting and sponsorship fees [1] - The net amount has been verified by an accounting firm and confirmed through a verification report [1] Special Account Establishment - The company has established a special fundraising account for the "R&D Center Construction Project" and signed a four-party supervision agreement involving the company, its subsidiary, the sponsor, and the bank [2][3] - The special account is specifically designated for the storage and use of funds related to the R&D project and cannot be used for other purposes [4] Four-Party Supervision Agreement - The agreement includes provisions for the management and supervision of the fundraising, ensuring compliance with relevant laws and regulations [3][4] - The sponsor is responsible for overseeing the use of funds and must conduct regular audits and checks on the special account [5][6] - The agreement stipulates that any withdrawal exceeding 20% of the net fundraising amount must be reported to the sponsor [5][6] Compliance and Reporting - The bank is required to provide monthly account statements to the subsidiary and the sponsor [5] - The agreement can be terminated if the bank fails to provide timely statements or does not cooperate with the sponsor's investigations [6] - The agreement will remain in effect until all funds are fully utilized and the account is closed [6]

Core Viewpoint - The report outlines the approval and process for using self-owned funds by Cambricon Technologies Corporation Limited to pay for fundraising projects, subsequently replacing these funds with raised capital, ensuring compliance with regulatory requirements [1][5][7]. Fundraising Overview - The company raised a net amount of RMB 1,649,290,009.61 through a specific issuance of A-shares in 2022, as approved by the Shanghai Stock Exchange and the China Securities Regulatory Commission [1][2]. - The funds will be allocated to projects including the "Advanced Process Platform Chip Project" and the "Stable Process Platform Chip Project," with an additional investment of RMB 600 million into its wholly-owned subsidiary, Shanghai Cambricon Information Technology Co., Ltd. [2]. Project Investment Details - The company approved the addition of Shanghai Cambricon as the implementation entity for new projects, including the "General Intelligent Processor Technology R&D Project" [3]. - The investment amount for the "Stable Process Platform Chip Project" was adjusted from RMB 699.7368 million to RMB 449.7368 million, with the reduced RMB 250 million allocated to supplement the company's working capital [3]. Use of Self-Owned Funds - The company utilized self-owned funds for project payments due to regulatory requirements regarding employee compensation and social insurance, which cannot be paid directly from the fundraising account [4]. - The process involves using self-owned funds initially and then replacing them with equivalent amounts from the fundraising account after proper accounting [4]. Impact on Operations - The use of self-owned funds is expected to enhance operational efficiency and ensure the smooth progress of fundraising projects without affecting the normal conduct of these projects [5]. Approval Process - The board and supervisory committee approved the use of self-owned funds for project payments, ensuring compliance with internal procedures and regulatory standards [5][6]. Sponsor's Verification Opinion - The sponsor, CITIC Securities, confirmed that the use of self-owned funds and subsequent replacement with raised funds complies with relevant regulations and does not harm shareholder interests [5][6].

Core Viewpoint - Nanya New Materials Technology Co., Ltd. has completed certain fundraising projects from its 2022 A-share issuance and will permanently supplement its working capital with the remaining funds to optimize resource allocation and enhance operational efficiency [2][3] Fundraising and Project Completion - The total amount raised from the initial public offering in August 2020 was 1.91 billion RMB, with a net amount of 1.79 billion RMB after deducting issuance costs [2] - The funds were primarily allocated for two projects: the construction of a 15 million square meter high-frequency and high-speed electronic circuit substrate for 5G communications and the expansion of a 10 million square meter project in the same field [2] Project Financials - For the 15 million square meter project, the planned investment was 830.69 million RMB, with 801 million RMB from the raised funds. Cumulative investment from the raised funds reached 721.17 million RMB, resulting in an estimated surplus of 100.19 million RMB [2] - For the 10 million square meter expansion project, the planned investment was 479.70 million RMB, with the same amount from the raised funds. Cumulative investment reached 360.77 million RMB, leading to an estimated surplus of 120.71 million RMB [3] - The total estimated surplus from both projects amounts to 220.90 million RMB [3] Reasons for Surplus - The company attributed the surplus to strict adherence to fundraising regulations, effective cost control, and management during project implementation, which helped reduce total project expenditures [3] - Additionally, the company utilized some idle funds for cash management, generating investment income and interest during the funds' holding period [3] Future Plans for Surplus Funds - The company plans to use the surplus funds of 220.90 million RMB to enhance its cash flow and improve economic efficiency in daily operations [3] - After the surplus funds are fully allocated, the company will proceed with the cancellation of the related fundraising special account [3]