Core Points - The company Zhejiang Zhuojin Environmental Technology Co., Ltd. has established a special account for the storage of raised funds and signed a tripartite supervision agreement to ensure proper management and usage of the funds [1][3][4] Fundraising Overview - The company was approved to publicly issue 33.569343 million shares at a price of RMB 7.48 per share, raising a total of RMB 251.0987 million, with a net amount of RMB 200.7918 million after deducting issuance costs of RMB 50.3069 million [1][2] - As of September 10, 2021, all raised funds were in place and verified by Tianjian Accounting Firm [1] Tripartite Supervision Agreement - On October 14, 2025, the company signed a tripartite supervision agreement with its sponsor, Guotai Junan Securities Co., Ltd., and the commercial bank, China CITIC Bank Hangzhou Branch, to regulate the storage and usage of the raised funds [3][5] - The special account for the funds was opened at China CITIC Bank Hangzhou Pinghai Branch, with the account number 8110801011403249955, and the balance was zero as of September 26, 2025 [4][5] Key Terms of the Agreement - The agreement stipulates that the funds in the special account are exclusively for the "Industrial Waste Comprehensive Treatment and Resource Utilization R&D Project" and cannot be used for other purposes [4][5] - The sponsor is responsible for supervising the usage of the funds and must conduct on-site investigations at least semi-annually [5][6] - The bank is required to provide monthly account statements to the company and the sponsor [6][7] Compliance and Reporting - The agreement includes provisions for the sponsor to report any non-compliance by the company or the bank to the Shanghai Stock Exchange [6][7] - The agreement will remain effective until all funds are fully utilized and the account is legally closed [6][7]