Core Viewpoint - Hop Holdings (301024.SZ) announced the approval of a plan to use self-owned funds to pay for part of the fundraising project expenses and subsequently replace them with raised funds, ensuring the smooth progress of its projects and improving fund utilization efficiency [1][2][4]. Group 1: Fundraising and Project Investment - The net amount raised from the initial public offering (IPO) was 462 million yuan, all of which is managed in a special account [2]. - The two fundraising projects involved are the "Indoor Design Center Construction Project" and the "Enterprise Informationization Construction Project," with actual investments of 30.01 million yuan and 15.60 million yuan, respectively [2]. - As of September 30, 2025, a total of 45.62 million yuan has been invested in these projects [1]. Group 2: Compliance and Efficiency - The replacement of funds is primarily due to compliance requirements for the use of raised funds, which must be paid directly from the special account [2]. - The company aims to avoid project delays caused by payment process restrictions by using self-owned funds initially and replacing them within six months [2][3]. Group 3: Operational Procedures and Oversight - The company has established a strict process for the replacement operation, including monthly summaries of advances and maintaining a ledger [3]. - The sponsor institution will continuously supervise the replacement situation to ensure compliance with the use of raised funds [3]. Group 4: Approval and Support - The matter has been approved by the board of directors and the supervisory board, with no need for a shareholders' meeting [4]. - Independent directors confirmed that the decision-making process complies with regulations and does not harm the interests of the company or its shareholders [4].