国金证券股份有限公司（以下简称"保荐机构"）为立达信物联科技股份有 限公司（以下简称"立达信"或"公司"）首次公开发行股票并上市的保荐机构， 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司章程指引》 《证券发行上市保荐业务管理办法》《上市公司监管指引第2号——上市公司募 集资金管理和使用的监管要求》《上海证券交易所股票上市规则》《上海证券交 易所上市公司自律监管指引第1号——规范运作》等有关规定，对立达信将部分 募投项目节余募集资金用于其他募投项目及部分募投项目延期的事项进行了核 查，核查情况如下： 一、募集资金基本情况 （一）实际募集资金金额及到位时间 经中国证券监督管理委员会《关于核准立达信物联科技股份有限公司首次公 开发行股票的批复》 （证监许可〔2021〕2186 号）核准，公司向社会公开发行人 民币普通股（A 股）5,000 万股，每股面值为人民币 1.00 元，发行价格为人民币 万元（不含增值税）后，实际募集资金净额为人民币 77,135.33 万元。 国金证券股份有限公司关于立达信物联科技股份有限公司 将部分募投项目节余募集资金用于其他募投项目及部分募投项 目延期的核查意见 前述 ...

Core Viewpoint - Tianyang New Materials (Shanghai) Technology Co., Ltd. has decided to terminate certain fundraising projects and postpone others due to changes in the real estate industry and overall market demand, aiming to maximize the efficiency of fund usage and protect investor interests [1][5][11]. Fundraising Overview - In 2020, the company raised approximately RMB 386.99 million through a private placement of 16,929,124 shares at RMB 22.86 per share [1]. - In 2022, the company raised approximately RMB 986.50 million by issuing 99,847,765 shares at RMB 9.88 per share, with a net amount of RMB 967.39 million after deducting issuance costs [2][3]. Fund Investment Projects - The 2020 fundraising was allocated to projects including high-end environmentally friendly wall fabrics, with a total investment of RMB 148 million, of which RMB 37.39 million was utilized by May 2025 [3][4]. - The 2022 fundraising was directed towards photovoltaic film projects, with a total investment of RMB 154.54 million, and RMB 96.74 million utilized by May 2025 [4]. Termination of Fundraising Projects - The "High-end Environmentally Friendly Wall Fabric Project" has reached 100% investment progress, with a total of RMB 18.55 million expected to be used. The project will be terminated due to insufficient market demand in the home decoration sector [5][6]. - The remaining funds from the terminated project will be permanently redirected to supplement working capital for daily operations [4][5]. Postponement of Fundraising Projects - The company plans to postpone the completion of the "Hot Melt Adhesive Materials Project" and the "Photovoltaic Film Projects" to June 2026 due to delays in construction progress and market conditions [8][9]. - Factors affecting the delay include increased competition in the hot melt adhesive market and low demand for photovoltaic components, which have impacted project timelines [9][10]. Impact of Project Changes - The termination of the "High-end Environmentally Friendly Wall Fabric Project" is not expected to adversely affect the company's normal operations, as existing production lines can meet current needs [6][10]. - The postponement of projects is a cautious decision based on objective reasons and does not alter the intended use of funds or harm shareholder interests [10][11]. Approval Process - The decisions regarding the termination and postponement of projects were approved in the board and supervisory meetings held on May 26, 2025, and will be submitted for shareholder approval [11][12].

Fundraising Overview - Panda Dairy Group Co., Ltd. has received approval from the China Securities Regulatory Commission for its initial public offering and has successfully raised funds [1][2] - The company has established a dedicated account for the raised funds and signed a tripartite supervision agreement with the bank and the sponsor [2][3] Fund Allocation - The company has decided to allocate 18 million yuan of the raised funds for a new project, specifically the "Ding'an Annual Production of 5,000 Tons of Food Raw Materials Project," with 10 million yuan earmarked for related tax fees and 8 million yuan for capital increase in Nanhang Pharmaceutical [2][3] - The name of Nanhang Pharmaceutical has been changed to Hainan Yeda Food Technology Co., Ltd. to align with development needs [2] Project Implementation - The company has approved Hainan Yeda as the implementing entity for the food raw materials project and has opened a dedicated fundraising account for this purpose [3][4] - The dedicated account is managed by China Construction Bank and is specifically for storing and using the funds related to the new project [3][4] Regulatory Compliance - The fundraising management is in accordance with relevant regulations and guidelines to protect the rights of minority investors [4][5] - The agreement stipulates that the funds must not be used for non-project purposes and outlines the responsibilities of all parties involved in the management and supervision of the funds [4][5][6] Monitoring and Reporting - The sponsor has the right to conduct on-site investigations and inquiries regarding the use of the funds, ensuring compliance with the established guidelines [5][6] - Any significant transactions or changes in the account must be reported to the sponsor within specified timeframes [6][7]

Core Points - The report provides an independent assurance conclusion on the use of previously raised funds by Ningbo Xingyuan Zhuomei Technology Co., Ltd. as of March 31, 2025, confirming compliance with regulatory guidelines [1][2][5] - The total amount raised from the initial public offering (IPO) was RMB 688 million, with a net amount of RMB 596.32 million after deducting related issuance costs, which was received in December 2022 [3][4] - The company has established a dedicated account for the raised funds and has implemented a management system to ensure the funds are used in a regulated, safe, efficient, and transparent manner [3][4] Fund Management - As of March 31, 2025, the balance of the raised funds was RMB 106.44 million, which includes RMB 39 million in cash management products and RMB 67.44 million in the dedicated account [4][7] - The company has utilized RMB 21.55 million of the raised funds in 2022 and has generated RMB 8.4 million in financial returns from the management of these funds [4][5] - The company has not made any changes to the actual investment projects funded by the raised capital as of the reporting date [4][5] Investment Projects - The company has committed to investing in projects such as high-strength magnesium alloy precision casting and has not reported any discrepancies between the actual investment amounts and the promised amounts [4][5] - The total actual investment in the projects funded by the raised capital was RMB 49.92 million, with no significant differences reported [4][5] - The company has also approved the use of excess raised funds for new projects, ensuring that the investment plans remain unaffected [5][6]

证券代码：300253 证券简称：卫宁健康 公告编号：2025-046 债券代码：123104 债券简称：卫宁转债 卫宁健康科技集团股份有限公司 本公司及董事会全体成员保证信息披露内容的真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 一、募集资金到位情况 卫宁健康科技集团股份有限公司（以下简称"公司"）经中国证 券监督管理委员会《关于同意卫宁健康科技集团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》 （证监许可［2021］311 号） 核准，获准向不特定对象发行可转换公司债券 970.2650 万张，每张 面 值 为 人 民 币 100 元 ， 按 面 值 发 行 ， 募 集 资 金 总 额 为 人 民 币 实际募集资金净额为人民币 961,209,622.64 元。 容诚会计师事务所（特殊普通合伙）已对公司向不特定对象发行可转 换公司债券的募集资金到位情况进行了审验，并于 2021 年 3 月 23 日 出具了"容诚验字2021200Z0016 号" 下简称"国泰君安"）分别与宁波银行股份有限公司上海黄浦支行、 上海银行股份有限公司浦西支行（以下简称"上海银行浦西支行"） 中国民生银行股 ...

长江商报消息 ●长江商报记者 李璟 《通知》共26条内容，包括回应市场诉求，拟对现行境内企业境外上市资金管理有关政策进行优化，统 一本外币管理政策，规范募集资金管理，支持境内企业在国际金融市场高效融资。 近年来，监管部门持续推进资本市场高水平双向开放，提升外资参与境内市场的便利性，鼓励符合条件 的境内企业依法依规赴境外上市，增强全球市场拓展能力。证监会近日披露的数据显示，自2023年境外 上市新规正式实施以来，备案管理机制运行平稳。截至今年4月底，已有242家境内企业完成了境外上市 备案。 发行上市登记时限延至30个工作日 近年来，金融监管部门持续推进金融高水平开放，完善本外币一体化的跨境资金管理，跨境贸易和投融 资便利化水平不断提升。 然而，目前境内企业赴境外上市的人民币和外币跨境管理政策不统一，有必要对境内企业赴境外上市资 金管理政策需要进一步优化完善。中国证监会对境内企业赴境外上市以及H股"全流通"的管理由审批制 变为备案制后，也有必要同步更新汇兑环节的资金管理政策。同时，国家外汇局在2014年发布的《关于 境外上市外汇管理有关问题的通知》实施已逾10年，现有管理在登记时间要求、账户使用、资金汇兑等 方 ...

Core Insights - The insurance asset management industry has shown a strong performance in 2023, with 88% of the 1388 reported combination insurance asset management products achieving positive annualized returns as of May 25 [1][3]. Group 1: Performance of Insurance Asset Management Products - Among the 960 fixed-income products, 900 achieved positive returns, representing over 90%, with an average return of 2.76% and a median of 2.34% [3]. - In the equity products category, 240 products reported returns, with 180 showing positive returns and an overall average return of 7.42% and a median of 5.57% [3]. - Mixed products also performed well, with 188 products reporting returns, 143 of which were positive, yielding an average return of 5.21% and a median of 3.38% [3]. Group 2: Third-Party Fund Management - Combination insurance asset management products are crucial for attracting third-party funds, including those from banks and other financial institutions [4]. - The proportion of third-party funds in combination insurance asset management products has been increasing, with a total balance of 6.39 trillion yuan by the end of 2023, accounting for 75% of the total balance of insurance asset management products [4]. - The growth of third-party funds is expected to continue, driven by the need for insurance asset management institutions to diversify their funding sources [5]. Group 3: Future Outlook - The insurance asset management industry must adapt to a low-interest-rate environment and explore differentiated development strategies [6]. - Institutions are encouraged to enhance product innovation and customer service capabilities to improve brand influence and market competitiveness [6]. - There is a focus on developing long-term capital pathways to enhance fund allocation efficiency and enable investors to benefit from new productivity developments [6].

宏观•要闻 央行、外汇局：境外上市募集资金以外币调回的可自主结汇使用 《中国人民银行 国家外汇管理局关于境内企业境外上市资金管理有关问题的通知（征求意见稿）》公开征求意见。意见提出，统一本外币管理政策。境外上市募集 资金、减持或转让股份等所得可以外币或人民币调回，相关资金均可使用资本项目结算账户汇出入。以人民币调回的，还可使用境内企业人民币银行结算账户。参 与H股"全流通"的上市主体对境内股东的分红款在境内以人民币形式派发。境外上市募集资金以外币调回的可自主结汇使用。上市主体可自主选择外汇风险管理途 径，通过银行或券商办理即期结售汇及套期保值交易 存款利率跌破"1"时代 储户转战"新三金"配置 5月下旬，六大国有银行集体下调利率，一年期定存首次跌破1%，活期利率仅0.05%。近一周以来，十余家中小银行紧随大行降息步伐，将最高定存利率压至1.7% 以下。曾经火爆的大额存单抢购潮偃旗息鼓。部分银行同步调低大额存单利率，并下架2年期以上产品。目前大行大额存单利率多未超过1.4%。部分民营银行调降 后，可购大额存单最高利率也仅为1.65%。面对低利率时代，年轻人开始寻找"存款替代"，"货币基金+债基+黄金"的"新三金 ...

Fundraising Overview - The company Zhejiang Fulai New Materials Co., Ltd. has successfully completed its initial public offering (IPO) by issuing 30 million shares at a price of 20.43 RMB per share, raising a total of 612.9 million RMB, with a net amount of 530.63 million RMB after deducting issuance costs [1][2]. Fund Management and Regulatory Compliance - The company has signed a four-party supervision agreement for the storage of fundraising special accounts to ensure proper management of the raised funds and protect investor rights, in accordance with relevant laws and regulations [3][4]. - The agreement involves the company, its wholly-owned subsidiary Yantai Fulai New Materials Technology Co., Ltd., China Construction Bank, and CITIC Securities as the sponsor [4][5]. Fund Allocation and Usage - The special account will be exclusively used for the "New Materials Project" previously managed by the Yantai branch, which has now been transferred to the subsidiary [4][5]. - The company is authorized to invest a portion of the funds in cash management products, with strict regulations on the usage and management of these funds to ensure compliance with the Shanghai Stock Exchange guidelines [4][5]. Monitoring and Reporting - The sponsor (CITIC Securities) will conduct ongoing supervision of the fundraising management, including on-site inspections and inquiries, to ensure compliance with the agreement [5][6]. - Any expenditures from the special account must be reported to the sponsor within three working days, along with a detailed expenditure list [6][7].

投资资金配置需遵循"能力圈"原则。新手投资者应将可投资资金的50%以内配置于中低风险产品，如债券型基金、银行理财等，这部分资金构成投资组合 的"压舱石"。剩余部分可根据风险承受能力逐步涉足权益类资产，年轻投资者可适当提高股票型基金或指数基金的配置比例，利用长期复利效应。需注意 的是，单只个股或行业主题基金的持仓占比不宜超过总权益资产的20%，以避免过度集中风险。 动态调整机制是保持资金管理有效性的核心。建议每季度进行一次财务健康检查，重点评估三个方面：收入结构变化、支出弹性空间、风险偏好波动。当 职业收入出现显著变动时，需相应调整储蓄率与投资比例；若市场出现极端行情，则需重新测试投资组合的最大回撤承受能力。年度层面，应结合通胀率 与GDP增速，更新长期收益目标，确保资金管理策略与经济周期同频。 资金管理的本质是建立个人与金钱的良性关系。它既非刻板节俭，也非盲目冒险，而是通过数据驱动的决策实现财务资源的优化配置。当新手投资者养成 定期检视、理性决策的习惯后，资金管理将不再是一项任务，而成为掌控人生财务自由的起点。这个过程需要耐心与纪律，但每一步优化都将为未来的财 富增长奠定更坚实的基础。 资金管理是投资活动的根 ...