Fundraising Overview - The company raised a total of RMB 1,822,399,641.00 through a private placement of 184,266,900 shares at a price of RMB 9.89 per share, with a net amount of RMB 1,796,015,374.00 after deducting issuance costs [2] - The funds are managed in a dedicated account, and a tripartite supervision agreement has been signed with the bank and the sponsor [2][3] New Fundraising Account and Agreement - On May 23, 2025, the company approved the establishment of a new dedicated fundraising account and authorized the signing of a supervision agreement [3] - The new account was opened at Shengjing Bank and is intended solely for the management of fundraising, ensuring compliance with relevant regulations [3][4] Main Content of the Supervision Agreement - The agreement stipulates that the dedicated account can only hold fundraising funds and may be used temporarily for working capital related to the company's main business [4][5] - The sponsor is responsible for supervising the use of the funds and has the right to conduct on-site investigations and inquiries [5][6] - The bank must provide monthly account statements to both the company and the sponsor, ensuring accurate and complete information [5][6] Conditions for Withdrawal and Termination - If the company withdraws more than RMB 50 million or 20% of the net fundraising amount within a twelve-month period, both the company and the bank must notify the sponsor [6] - The agreement can be terminated unilaterally by the company if the bank fails to comply with reporting requirements [6][7]

Group 1 - The core point of the article is that Fangda Carbon (600516) reported a significant decline in both revenue and net profit for the first quarter of 2025 compared to the same period last year [1] Group 2 - The company's revenue for Q1 2025 was 850 million yuan, representing a year-on-year decrease of 38.74% [1] - The net profit for the same period was 6.9414 million yuan, showing a dramatic year-on-year decline of 95.95% [1]