Fundraising Overview - The company Shanghai Nanchip Semiconductor Technology Co., Ltd. has been approved to publicly issue 63.53 million shares at a price of RMB 39.99 per share, raising a total of RMB 2.54 billion [1] - As of December 31, 2024, the balance in the fundraising special account was RMB 438,595,817.81, including interest income after deducting handling fees [1] Fund Management and Usage - The company has signed a tripartite supervision agreement for the special fundraising account with the sponsoring institution and the commercial bank where the funds are stored [2][3] - The original fundraising project "Testing Center Construction Project" has been changed to "Chip Testing Industrial Park Construction Project" to enhance operational efficiency [2] - A wholly-owned subsidiary, Zhejiang Nanchip Semiconductor Co., Ltd., has been established as the implementation entity for the new fundraising project [2] Tripartite Supervision Agreement - The tripartite supervision agreement involves the company, Shanghai Pudong Development Bank, and CITIC Securities, ensuring that the funds are used solely for the designated projects [4][5] - The agreement stipulates that the company must notify the sponsoring institution of any withdrawals exceeding RMB 50 million or 20% of the net fundraising amount within 12 months [7][17] - The sponsoring institution is responsible for supervising the use of the funds and must conduct at least one on-site investigation every six months [11][16] Account Management - The special account has been opened for the chip testing industrial park construction project, and the funds must not be used for other purposes [4][13] - Monthly account statements will be provided to the company, and any discrepancies must be reported to the Shanghai Stock Exchange [7][12] - The agreement will remain in effect until all funds are fully utilized and the account is closed [8][18]