Core Points - The company, Suzhou Kaiweite Semiconductor Co., Ltd., has reported on the status of its fundraising activities and the use of raised funds as of June 30, 2025, following its initial public offering (IPO) [1][2][4] - The total amount raised from the IPO was approximately RMB 752.13 million, with a net amount of RMB 664.80 million after deducting issuance costs [1][2] - As of the reporting date, the company has utilized RMB 432.69 million of the raised funds, with RMB 166.04 million remaining in cash management [1][2][3] Fundraising Overview - The actual fundraising amount was RMB 752,131,593.99, with issuance costs totaling RMB 87,332,672.09, resulting in a net amount of RMB 664,798,921.90 [1] - The funds were fully received by August 14, 2023, and verified by an accounting firm [1] - The company has used RMB 432,686,824.30 of the raised funds by June 30, 2025, with specific allocations to various projects [1][2] Fund Utilization and Management - The company has not used any idle funds for temporary working capital during the reporting period [2][3] - A total of RMB 14,953,509.36 was earned from interest and cash management, with RMB 3,229,401.32 from deposit interest and RMB 11,724,108.04 from financial products [1][2] - The company has established a dedicated account for managing the raised funds, ensuring compliance with regulations [1][2][3] Project Status and Adjustments - The company has decided to postpone the expected operational status dates for several projects, including the "Intelligent Power Semiconductor R&D Upgrade Project" and "SiC Power Device R&D Upgrade Project," from March 2025 to March 2028 [6][7] - This decision was made to adapt to market conditions and ensure the efficient use of funds while maintaining project integrity [6][7] - The company has not changed the investment direction, implementation主体, or investment scale of the projects despite the postponement [7] Other Fund Usage - The company has approved a plan to repurchase shares using excess funds, with a total repurchase amount not exceeding RMB 20 million [2][3][7] - The repurchase will be conducted through the Shanghai Stock Exchange, with a maximum price of RMB 57.66 per share [2][3] - The company has maintained strict compliance with regulations regarding the use and disclosure of raised funds, ensuring no violations occurred [4][5]

Group 1 - The major shareholder, Guangdong Ganhua Technology Co., Ltd., plans to reduce its stake in Kaiweite (688693.SH) by up to 3% within a specified period from June 30, 2025, to September 28, 2025 [1] - As of the announcement date, Guangdong Ganhua holds 10,555,216 shares of Kaiweite, representing 14.32% of the total share capital [1] - The shares held by Guangdong Ganhua were acquired before Kaiweite's initial public offering and became tradable on August 19, 2024 [1] Group 2 - Kaiweite was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on August 18, 2023, with an issuance of 18,421,053 shares at a price of 40.83 yuan per share [2] - The total funds raised from the initial public offering amounted to 752.1316 million yuan, with a net amount of 664.7989 million yuan, exceeding the original plan by 134.7161 million yuan [2] - The funds raised are intended for various projects, including upgrades for smart power semiconductors and SiC power devices, as well as working capital [2]