Core Viewpoint - The company has announced the establishment of a special account for the management of raised funds and signed a regulatory agreement to ensure proper use of these funds for a new investment project in the rail transit signal system [1][2]. Fundraising Overview - The company raised a total of RMB 10.53 billion through its initial public offering, with a net amount of RMB 10.35 billion received [1]. - The new investment project, which is a rail transit signal system pilot base project, will utilize RMB 85.97 million of the remaining raised funds, accounting for 0.83% of the net amount raised [1]. Special Account and Regulatory Agreement - A special account has been opened for the new investment project, and a tripartite regulatory agreement has been signed with the bank and the sponsor [2][3]. - The special account is designated solely for the storage and use of funds related to the rail transit signal system pilot base project [3]. Responsibilities and Oversight - The sponsor is responsible for supervising the use of the raised funds and must appoint representatives to oversee the project [3][4]. - The bank is required to provide monthly account statements to both the company and the sponsor [5]. Conditions for Fund Withdrawal - If the amount withdrawn from the special account exceeds RMB 50 million or 20% of the net amount raised, the company must notify the sponsor promptly [5]. - The agreement allows for termination if the bank fails to provide timely statements or does not cooperate with the sponsor's investigations [5]. Legal Framework - The agreement is governed by Chinese law, and any disputes will be resolved through arbitration in Beijing [6]. - The agreement becomes effective upon signing and remains valid until all funds are fully utilized and the account is closed [6].

Core Viewpoint - China Communication Technology Co., Ltd. (03969.HK) announced a proposal to add a new fundraising project for the construction of a rail transit signal system pilot base, with a planned fundraising amount of RMB 85.9676 million [1] Group 1: Fundraising Details - The new fundraising project will utilize RMB 85.9676 million [1] - This amount represents 0.83% of the net proceeds from the company's initial public offering (IPO) of A-shares, which totaled RMB 1,035.43424 million [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 中 國 鐵 路 通 信 信 號 股 份 有 限 公 司 China Railway Signal & Communication Corporation Limited* （在中華人民共和國註冊成立的股份有限公司） （股份代號：3969） 建議新增A股募投項目 建議新增A股募投項目 A股募集資金基本情況 本公司A股（「A股」）於2019年7月22日 在 上 海 交 易 所 科 創 板 上 市，募 集 資 金總額人民幣1,053,000萬 元，募 集 資 金 淨 額 為 人 民 幣1,035,434.24萬 元（「A 股募集資金」）。 經公司第三屆董事會第7次會議及2019年 度 第 一 次 臨 時 股 東 大 會、2019 年 度 第 一 次 內 資 股 類 別 股 東 大 會、2019年度第一次H股類別股東大會批 准，公 司 將 首 ...