Fundraising Overview - Jiangsu Longpan Technology Co., Ltd. has received approval from the China Securities Regulatory Commission for a non-public offering of 82,987,551 shares at a price of RMB 26.51 per share, raising a total of RMB 2,199,999,977.01 [1][2] - The funds were received on May 18, 2022, and have been verified by Zhongtianyun Accounting Firm [1] New Fundraising Account and Regulatory Agreement - The company has established a new fundraising account and signed a five-party regulatory agreement to ensure proper management and protection of investor rights [2][3] - The agreement involves Jiangsu Longpan Technology, Changzhou Liyuan New Energy Technology Co., Ltd., Sichuan Liyuan New Materials Co., Ltd., Guotai Junan Securities Co., Ltd., and Shanghai Pudong Development Bank Nanjing Branch [3] Main Content of the Regulatory Agreement - The funds will be exclusively used for the scale production project of new energy vehicle power and energy storage battery cathode materials [3][4] - The agreement stipulates that the funds must not be used for any other purposes and outlines the responsibilities of each party in monitoring and managing the funds [4][5] - Guotai Junan Securities will conduct ongoing supervision and can perform site investigations and written inquiries regarding the use of the funds [4][5]