Core Viewpoint - Jiangsu Weidao Nano Technology Co., Ltd. announced the completion of its fundraising project for the expansion and upgrade of photovoltaic and flexible electronic devices based on atomic layer deposition technology, with surplus funds of 22.67 million yuan to be permanently supplemented into working capital [1][2]. Project Completion and Fund Surplus Details - The fundraising project reached its intended usable state on December 19, 2025, meeting the completion criteria. The original planned use of raised funds was 250 million yuan, but the actual usage was 217.71 million yuan. After accounting for interest and investment income of 7.52 million yuan and deducting pending contract payments of 1.71 million yuan, a surplus of 22.67 million yuan was formed [2][4]. - The project was initially scheduled for completion in 2024 but was delayed to December 2025. The surplus funds primarily resulted from cost control during project implementation and investment income from idle funds [2][4]. Surplus Fund Usage Arrangement - The company plans to permanently supplement the surplus funds into working capital for daily operations. A dedicated account for the raised funds will be maintained to settle pending contract payments, and any remaining surplus after all payments will also be used to supplement working capital [3][5]. Reasons for Fund Surplus Analysis - The surplus funds were attributed to two main reasons: effective cost control and management during project implementation, and the use of idle funds for cash management, which generated investment income and interest during the fund's holding period [4][5]. Review Procedures and Sponsor Opinions - The matter has been approved by the company's third board of directors' audit committee, strategic committee, and board meeting, and does not require shareholder approval. The sponsor, CITIC Securities Co., Ltd., confirmed that the decision-making and approval processes comply with relevant laws and regulations, ensuring no harm to shareholders' interests [5][6]. Basic Situation of Fundraising - Weidao Nano completed its initial public offering on December 20, 2022, raising a total of 1.1 billion yuan, with a net amount of 1.02 billion yuan. The surplus fund amount is an estimated figure and does not include interest income from deposits that have not yet matured [6].