Summary of Key Points Core Viewpoint The company intends to temporarily use part of its idle raised funds to supplement working capital, ensuring that this does not affect the progress of its investment projects and complies with regulatory requirements. Group 1: Fundraising Overview - The company raised a total of RMB 3,685,239,005.00 from its initial public offering, with a net amount after expenses being confirmed through an audit report [1][2]. - The funds are managed in a dedicated account, with a tripartite supervision agreement in place to protect investor interests [2]. Group 2: Investment Project Details - The company has disclosed its investment projects in various announcements, including adjustments to the internal structure of fundraising projects and the use of excess funds for new projects [3][4]. - The total investment amount for the projects is detailed, with specific allocations for different initiatives [5][6]. Group 3: Previous Use of Idle Funds - In June 2024, the company approved the temporary use of up to RMB 25,000.00 million of idle funds to supplement working capital, with a commitment to return the funds to the dedicated account upon maturity [6][7]. Group 4: Current Plan for Idle Funds - The company plans to use up to RMB 25,000.00 million of idle funds for working capital within a 12-month period, ensuring that this does not impact the investment projects [7][8]. - The funds will be used strictly for business expansion and daily operations, with no intention to alter the original purpose of the raised funds [7][8]. Group 5: Approval and Compliance - The board and supervisory committee have approved the use of idle funds, confirming that the procedures comply with relevant regulations [8][9]. - The sponsor has verified that the use of funds aligns with the company's operational needs and regulatory standards, with no objections raised [9].

Fundraising Overview - The company has completed its initial public offering (IPO) with a total fundraising amount of RMB 861.10 million, netting RMB 766.47 million after deducting issuance costs of RMB 94.63 million [1] - The funds have been verified by Zhonghui Certified Public Accountants and are stored in a dedicated fundraising account [1] Changes in Fundraising Project - The company has changed the name of the fundraising project from "Annual Production of 2GWh Energy Storage System" to "Energy Storage System Integration Equipment Production Project" [2] - The implementation entity has been changed to the wholly-owned subsidiary Jiangsu Haibo Sichuang Technology Co., Ltd., with the project location moved from Beijing to Nantong, Jiangsu Province [2] Fund Management and Supervision - A special fundraising account has been opened by Jiangsu Haibo Sichuang to manage the funds, and a four-party supervision agreement has been signed with the company, the sponsor Zhongtai Securities, and the bank [3][4] - The agreement stipulates that the funds must be used solely for the designated project and outlines the responsibilities of each party in managing and supervising the funds [4][5] Agreement Details - The agreement includes provisions for monthly account statements from the bank to the company and the sponsor, and requires notification if withdrawals exceed 20% of the net fundraising amount [5][6] - The agreement will remain in effect until all funds are fully utilized and the account is closed [6]

Core Points - The company has established a set of regulations to manage the funds raised through stock issuance, ensuring efficiency and protection of shareholder rights [1][2] - The management of raised funds must adhere to principles of transparency, effectiveness, and risk control [1][2] - The company is required to disclose the usage and effectiveness of the raised funds to safeguard investors' rights [2][3] Fund Management - The company must open a special account for the raised funds, ensuring that these funds are not mixed with other funds [7][8] - A tripartite supervision agreement must be signed with the underwriter or independent financial advisor and the commercial bank within one month of the funds being in place [8][9] - The company must regularly report the status of fund usage to the underwriter or independent financial advisor [5][6] Fund Usage - The company is required to use the raised funds strictly for the intended purposes as outlined in the issuance documents [12][13] - Any changes in the use of raised funds must be approved by the board of directors and disclosed promptly [28][29] - The company must ensure that the raised funds are not used for financial investments or other non-operational purposes [15][16] Monitoring and Reporting - The internal audit department must conduct regular checks on the usage of raised funds and report findings to the board [38][39] - The company must provide a special report on the management and usage of raised funds at least semi-annually [39][40] - Any significant discrepancies in fund usage compared to the planned investment must be explained and reported [18][19]

Core Viewpoint - The document outlines the management and usage regulations for the funds raised by Beijing Haoliang Data Technology Co., Ltd, emphasizing the protection of investor rights and compliance with relevant laws and regulations [1][2][3]. Fund Management Regulations - The regulations are designed to ensure the proper management and use of funds raised through stock issuance, excluding funds raised for equity incentive plans [1][2]. - The company must promptly verify the funds received and use them according to the specified purposes in the prospectus, without unauthorized changes [1][2][3]. Fund Storage - The company is required to open a special account for the raised funds in a commercial bank, ensuring that these funds are managed separately and not mixed with other funds [2][3]. - If the company has multiple financing rounds, separate accounts must be established for each round of raised funds [3][5]. Fund Usage - The company must adhere to a clear application and approval process for fund usage, ensuring that funds are used for main business operations and not for financial investments or to benefit related parties [6][11]. - Any significant changes affecting the normal use of raised funds must be promptly disclosed [6][12]. Reporting and Disclosure - The company is obligated to provide accurate and complete disclosures regarding the actual use of raised funds, including any significant deviations from the investment plan [17][18]. - A special report on the management and usage of raised funds must be prepared and submitted to the board for review and subsequently disclosed to the stock exchange [17][18]. Oversight and Compliance - The board of directors must continuously monitor the management and usage of raised funds, conducting semi-annual checks and ensuring compliance with regulations [17][19]. - The company must cooperate with sponsors and independent financial advisors in their oversight duties, reporting any irregularities promptly [19].

Core Viewpoint - The company has completed the "Annual Production of 800,000 Small Air Compressors Technical Reform Project" and is planning to conclude this fundraising project, having reached the predetermined usable state [1][5]. Fundraising Overview - The company issued 39.3 million shares at a price of 20.67 RMB per share, raising a total of 812.33 million RMB, with a net amount of 698.31 million RMB after deducting underwriting fees and other related expenses [1][2]. - The funds raised are stored in a dedicated account, and a tripartite supervision agreement has been signed with the sponsor and the bank [2]. Investment Project Details - The total investment for the "Annual Production of 30,000 Screw Air Compressors Technical Reform Project" is 453.17 million RMB, with the entire amount sourced from the raised funds [2]. - The company has also approved the use of excess funds for additional projects, amounting to 172.14 million RMB [3]. Project Completion and Fund Usage - The "Annual Production of 800,000 Small Air Compressors Technical Reform Project" has achieved its intended use status, with a total of 105.53 million RMB allocated, of which 43.72 million RMB has been spent [5][6]. - The remaining funds are planned to be managed in accordance with regulatory guidelines, with a focus on prudent and reasonable allocation based on operational needs [7].

Core Viewpoint - The report details the fundraising activities and usage of funds by Suzhou Shansheng Electronics Co., Ltd., including the results of previous fundraising efforts and the management of those funds [1][2][3]. Fundraising and Usage Summary - In 2021, the company raised a total of RMB 308.80 million through an initial public offering (IPO), with a net amount of RMB 258.51 million after deducting issuance costs of RMB 50.29 million [1][2]. - The funds were deposited into a special account, and as of December 31, 2024, the total amount in the special account was RMB 271.06 million [2]. - In 2023, the company issued convertible bonds to raise RMB 520 million, with a net amount of RMB 507.67 million after deducting issuance costs of RMB 12.33 million [3][4]. Fund Management and Project Implementation - The company established a fundraising management system to ensure the proper use of funds, complying with relevant regulations [5]. - The "Automotive Electronics Expansion Project" was completed in June 2023, and the "Speaker Expansion Project" was completed in September 2023, with surplus funds totaling RMB 27.11 million being permanently allocated to supplement working capital [6][7]. - The company plans to use up to RMB 420 million for the "Automotive Audio System and Electronic Products Project," including RMB 63 million for capital contributions and RMB 357 million for loans to its wholly-owned subsidiary [7][8]. Project Adjustments and Financial Performance - The company adjusted the investment amounts for its projects due to the actual net fundraising being lower than initially planned, with the total investment for the projects being RMB 446.67 million [9][10]. - The "Automotive Audio System and Electronic Products Project" is expected to reach its operational state by December 2024, while the "Supplementary Working Capital Project" cannot be individually assessed for benefits [21][22]. Fund Usage and Financial Reporting - The company has not reported any discrepancies between the actual use of funds and previously disclosed information [22]. - As of December 31, 2024, the company had completed the use of all raised funds, with no remaining balance in the special fundraising accounts [22].

Fundraising Overview - The company, Xi'an Plater Technology Co., Ltd., has received approval from the China Securities Regulatory Commission to issue 32,048,107 shares at a price of 94.50 yuan per share, raising a total of approximately 3.03 billion yuan [1][2] - The company has signed a tripartite supervision agreement for the temporary supplementary account for the raised funds with the sponsor and the commercial bank [1][2] Temporary Fund Supplementation - The company has approved the use of 350 million yuan of idle raised funds to temporarily supplement working capital, with a usage period of 12 months from the board's approval date [1][2] - The company has established a temporary supplementary fund account at Shanghai Pudong Development Bank [2] Tripartite Supervision Agreement - The tripartite supervision agreement involves the company (Party A), the bank (Party B), and the sponsor, CITIC Securities (Party C), to ensure proper management of the raised funds and protect investor rights [2][4] - The agreement stipulates that funds in the special account can only be used for business-related operations and not for other purposes [2][4] Compliance and Reporting - The sponsor is responsible for supervising the use of the raised funds and must conduct at least one on-site investigation every six months [4][6] - The bank is required to provide monthly account statements to the company and the sponsor [4][6] Fund Transfer and Usage Restrictions - The company must return the temporarily supplemented funds to the original raised funds account before the expiration of the temporary usage period [5][6] - If the company withdraws more than 50 million yuan or 20% of the net raised funds, it must notify the sponsor promptly [6]

Core Viewpoint - Langhong Technology (836395.BJ) has faced regulatory scrutiny shortly after its listing on the Beijing Stock Exchange due to violations related to the use of raised funds [1][2] Group 1: Regulatory Issues - On June 24, 2023, the China Securities Regulatory Commission (CSRC) Zhejiang Regulatory Bureau issued a warning letter to Langhong Technology for using idle raised funds to purchase financial products worth 20 million yuan before receiving explicit consent from its sponsor [2][3] - The violation occurred just four days after the company went public on September 1, 2022, raising 121 million yuan, with actual funds raised amounting to 107 million yuan [3] - The company was found to have disclosed inaccurate information in its 2022 annual fundraising report due to this violation [2] Group 2: Project Delays - Langhong Technology's fundraising project, aimed at establishing an "Electronic Product Anti-theft Equipment Industrialization Base," was initially scheduled for completion by December 31, 2024, but has been postponed to December 31, 2027, a delay of three years [1][5] - As of the end of 2024, the project had only utilized 23.69 million yuan of the raised funds, with a progress rate of 22.16% [7] - The project faced delays due to changes in land planning in the Binjiang District, leading to a change in the project location to Fuyang District and an increase in the total investment from 170 million yuan to 210 million yuan, while the amount of raised funds remained unchanged [6] Group 3: Financial Performance - Langhong Technology has struggled to maintain stable revenue, hovering around the 100 million yuan mark for seven years, with 2022 revenue at 113 million yuan, a decline of 21.36% year-on-year [8][9] - In 2023 and 2024, the company reported revenues of 117 million yuan and 159 million yuan, reflecting year-on-year growth of 3.02% and 36.63%, respectively [10] - The net profit for 2024 was reported at 57.95 million yuan, a year-on-year increase of 28.17%, attributed to a favorable consumer electronics market [10] Group 4: R&D Investment - In 2024, Langhong Technology significantly increased its R&D expenditure to 12.04 million yuan, a rise of 62.86% year-on-year, driven by the addition of eight new R&D projects and an increase in personnel costs [11] - The number of R&D personnel grew to 42 by the end of 2024, a substantial increase of approximately 180% compared to the previous year [12] - If the company maintains its growth trajectory, it may finally surpass the 200 million yuan revenue threshold [13]

Core Viewpoint - The company has completed the fundraising investment project and plans to permanently supplement its working capital with the surplus funds raised from the non-public offering of shares [1][9]. Group 1: Fundraising Overview - The company raised a total of approximately RMB 600 million through a non-public offering of 74,906,367 shares at a price of RMB 8.01 per share, with a net amount of approximately RMB 589.71 million after deducting fees [1]. - The funds were managed in a dedicated account as per regulatory requirements [1]. Group 2: Changes in Fundraising Investment Projects - The "Aerospace Component Manufacturing Base Construction Project" originally planned for RMB 270 million was adjusted to RMB 170 million due to improvements in production efficiency [2]. - The "New District Aviation Structural Parts R&D and Production Project" had its investment amount reduced from RMB 147.26 million to RMB 107.77 million, with the remaining funds to be used for working capital [3]. Group 3: Fundraising Usage and Surplus - As of June 20, 2025, the total surplus funds from the "Aerospace Aircraft Flexible Assembly R&D and Production Base Project" amounted to RMB 40.79 million, which includes interest and investment income [6]. - The company plans to use the surplus funds to enhance operational efficiency and support daily business operations [6][8]. Group 4: Approval Process and Opinions - The board of directors and the supervisory board approved the decision to conclude the fundraising project and allocate surplus funds for working capital on June 25, 2025 [8][9]. - The sponsor institution, Guotai Junan Securities, confirmed that the decision complies with relevant regulations and does not harm shareholder interests [9].

Fundraising Overview - The company raised a total of 5,674,555,941.76 CNY through a non-public offering of 48,884,872 shares at a price of 116.08 CNY per share, with a net amount of 5,634,574,077.18 CNY after deducting issuance costs [1][2] Fund Management - The company has established a three-party supervision agreement for the management of the raised funds, ensuring compliance with relevant regulations and protecting investor rights [2][3] Account Status - As of the announcement date, several fundraising special accounts are still active, while some accounts have been closed, including those at China Bank and China Minsheng Bank [3][4] Fund Utilization and Efficiency - The company has effectively managed idle funds to generate investment income and interest, while maintaining project quality and controlling costs [5][6] Account Closure - The company has completed the closure of specific fundraising accounts and transferred the remaining balance of 212,920.93 CNY to another account for ongoing projects [6][7]