Core Points - Jiangsu Hongwei Technology Co., Ltd. reported on the status of its fundraising activities and the use of raised funds for the first half of 2025, ensuring compliance with relevant regulations [2][11]. Fundraising Overview - The company raised a total of RMB 677,387,918.34 from its initial public offering (IPO) by issuing 24,623,334 shares at a price of RMB 27.51 per share, with a net amount of RMB 596,804,289.33 after deducting issuance costs [2][3]. - The company also issued 4,300,000 convertible bonds at a price of RMB 100 each, raising RMB 43,000,000, with a net amount of RMB 42,327,690 after expenses [3]. Fund Usage and Balance - As of June 30, 2025, the remaining unused balance of the raised funds was RMB 1,766,075.01, all stored in designated accounts [6][11]. - The total amount used from the IPO funds was RMB 597,660,946.04, with an additional RMB 4,165.36 accrued from interest income [3][7]. - The company utilized RMB 11,000,000 from excess funds to permanently supplement working capital and RMB 6,000,000 from idle funds for temporary working capital [8][9]. Fund Management - The company has established a three-party supervision agreement with its underwriter and banks to ensure proper management and usage of the raised funds [4][11]. - The company has not engaged in any prior investment or replacement of the raised funds during the reporting period [7][10]. Compliance and Reporting - The company confirmed that it has adhered to all relevant regulations regarding the management and use of raised funds, with no violations or issues in disclosure [11].