Fundraising Overview - The company, Jiahuan Technology Co., Ltd., has successfully raised a total of RMB 1,108.64 million by issuing 76.3 million shares at a price of RMB 14.53 per share, with a net amount of RMB 1,033.57 million after deducting issuance costs of RMB 75.07 million [1] - The funds were fully received by April 26, 2022, and verified by Yongtuo Accounting Firm [1] Fund Management and Usage - The company has established a special account for the management of the raised funds, specifically for the "China Mobile 2025-2026 Communication Engineering Construction Service Centralized Procurement Project" [2][3] - As of August 12, 2025, RMB 432.84 million has been transferred to the newly established special account for the aforementioned project [2] Tripartite Supervision Agreement - A tripartite supervision agreement has been signed among the company, CITIC Bank, and the sponsor, China International Capital Corporation (CICC), to ensure proper management of the raised funds and protect investor rights [2][4] - The agreement stipulates that the special account is exclusively for the storage and use of the raised funds, prohibiting any non-raising fund activities [2][4] Fund Usage and Monitoring - The company can manage part of the funds in the special account through fixed-term deposits and must notify the sponsor of any such actions [4] - The sponsor is responsible for ongoing supervision of the fund usage, including on-site investigations and inquiries [5][6] - Monthly account statements must be provided by CITIC Bank to both the company and the sponsor [5] Compliance and Legal Framework - The agreement is governed by Chinese law, and any disputes will be resolved through arbitration in Beijing [6] - The agreement will remain effective until all funds are fully utilized and the account is legally closed [6]