Fundraising Overview - The company has received approval from the China Securities Regulatory Commission to issue 80 million shares at a price of 50.00 RMB per share, raising a total of 4 billion RMB, with a net amount of approximately 3.97 billion RMB after deducting issuance costs [1][2] Fund Management and Regulatory Agreements - The company has established special accounts for the management of the raised funds, signing tripartite supervision agreements with various banks, including China Merchants Bank, Industrial and Commercial Bank of China, and CITIC Bank [2][3] - The agreements are in compliance with relevant laws and regulations, ensuring that the funds are used solely for designated projects and protecting investor rights [2][4] Fund Allocation and Usage - The total amount stored in the special accounts is approximately 3.97 billion RMB, which will be allocated for projects such as the relocation of the company, capacity building for composite materials, and repayment of specific debts [3][4] - The company is required to notify the underwriters of any withdrawals exceeding 20% of the net amount raised [8][9] Compliance and Reporting - The underwriters are responsible for supervising the use of the raised funds and must conduct at least biannual inspections [5][6] - The bank is obligated to provide monthly account statements to the company and the underwriters [8]