Group 1 - The Shenzhen Stock Exchange's listing review committee held its 14th meeting on August 22, 2025, to review Ningbo Xingyuan Zhuomei Technology Co., Ltd.'s application for issuing convertible bonds to unspecified objects, aiming to raise a total of no more than 450 million yuan [1] - The funds raised will be used for a project to produce 3 million sets of high-strength large magnesium alloy precision die-casting parts for automobiles, with a total investment of 700 million yuan, of which 450 million yuan will be raised through this bond issuance [1] - The lead underwriter for this convertible bond issuance is Guotou Securities Co., Ltd., with representatives Cheng Jieqiong and Qiao Yan [1] Group 2 - Xingyuan Zhuomei was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on December 15, 2022, with a public offering of 20 million shares, accounting for 25% of the total share capital after issuance, at a price of 34.40 yuan per share [2] - The total amount raised from the stock issuance was 688 million yuan, with a net amount of 596.32 million yuan after deducting issuance costs, which was 263.97 million yuan more than the original plan [2] - The total issuance costs for Xingyuan Zhuomei amounted to 91.68 million yuan, with the lead underwriter, Anxin Securities Co., Ltd., receiving underwriting fees of 65.76 million yuan and sponsorship fees of 4 million yuan, totaling 69.76 million yuan [2]

Core Viewpoint - The Shenzhen Stock Exchange's listing review committee approved Ningbo Xingyuan Zhuomei Technology Co., Ltd.'s issuance of convertible bonds, which meets the issuance, listing, and information disclosure requirements [1]. Group 1: Fundraising Details - The company plans to raise a total of no more than 450 million yuan through the issuance of convertible bonds, which will be used for the investment in a project to produce 3 million sets of high-strength large magnesium alloy precision forming parts for automobiles [1]. - The total investment for the project is 700 million yuan, with previous excess funds of approximately 111.90 million yuan and the current fundraising amount of 450 million yuan [2]. Group 2: Financial Overview - The total amount raised from the company's previous stock issuance was 688 million yuan, with a net amount of 596.32 million yuan after deducting issuance costs, which is 263.97 million yuan more than the original plan [3]. - The total issuance costs for the new stock were approximately 91.68 million yuan, with the lead underwriter receiving around 65.76 million yuan in underwriting fees [3].

Core Viewpoint - Ningbo Xingyuan Zhuomei Technology Co., Ltd. has applied to the Shenzhen Stock Exchange for the resumption of the review of its application to issue convertible bonds to unspecified objects after obtaining necessary environmental and energy assessments [2][3]. Group 1 - The company submitted its application report for issuing convertible bonds on March 13, 2025, but had to suspend the review due to pending environmental impact and energy assessment approvals [2]. - The company received approval from the Ningbo Municipal Ecology and Environment Bureau and the Ningbo Municipal Energy Bureau for the environmental and energy assessments related to its project [3]. - The application for resuming the review has been accepted by the Shenzhen Stock Exchange, but the final approval from the China Securities Regulatory Commission remains uncertain [3].

Core Points - The company, Ningbo Xingyuan Zhuomei Technology Co., Ltd., has applied to suspend the review of its application for issuing convertible bonds to unspecified objects due to uncertainties in its fundraising project [1] - The project in question is the "Annual Production of 3 Million Sets of High-Strength Large Magnesium Alloy Precision Forming Parts for Automobiles," which is currently awaiting environmental impact assessment and energy evaluation approvals [1] - The suspension of the review is expected to last no more than one month, after which the company will apply for the review to be resumed once the necessary approvals are obtained [1] Company Actions - The company submitted its application report and related documents to the Shenzhen Stock Exchange on March 13, 2025 [1] - The company is taking proactive measures to avoid significant uncertainties in the implementation of its fundraising project by requesting the suspension of the bond issuance review [1] - The company commits to timely updates to the Shenzhen Stock Exchange regarding the status of the environmental and energy assessments [1]

Core Points - The report provides an independent assurance conclusion on the use of previously raised funds by Ningbo Xingyuan Zhuomei Technology Co., Ltd. as of March 31, 2025, confirming compliance with regulatory guidelines [1][2][5] - The total amount raised from the initial public offering (IPO) was RMB 688 million, with a net amount of RMB 596.32 million after deducting related issuance costs, which was received in December 2022 [3][4] - The company has established a dedicated account for the raised funds and has implemented a management system to ensure the funds are used in a regulated, safe, efficient, and transparent manner [3][4] Fund Management - As of March 31, 2025, the balance of the raised funds was RMB 106.44 million, which includes RMB 39 million in cash management products and RMB 67.44 million in the dedicated account [4][7] - The company has utilized RMB 21.55 million of the raised funds in 2022 and has generated RMB 8.4 million in financial returns from the management of these funds [4][5] - The company has not made any changes to the actual investment projects funded by the raised capital as of the reporting date [4][5] Investment Projects - The company has committed to investing in projects such as high-strength magnesium alloy precision casting and has not reported any discrepancies between the actual investment amounts and the promised amounts [4][5] - The total actual investment in the projects funded by the raised capital was RMB 49.92 million, with no significant differences reported [4][5] - The company has also approved the use of excess raised funds for new projects, ensuring that the investment plans remain unaffected [5][6]