Core Viewpoint - The company, Qingyi Optoelectronics, is utilizing foreign exchange, letters of credit, and its own funds to pay for fundraising project expenses, with plans to replace these with raised funds later, ensuring operational efficiency and protecting shareholder interests [1][2][3] Company Announcement Summary - Qingyi Optoelectronics held its 14th meeting of the 10th Board of Directors on September 15, 2025, where it approved the use of various payment methods for fundraising project expenses [1][2] - The net amount raised from fundraising is 118,700.94 million yuan, designated for the construction of a high-precision mask and high-end semiconductor mask production base [1][2][3] - The board's decision does not require shareholder approval, and the sponsor, CITIC Securities, has no objections to the proposed financial arrangements [1][2][3] Market Performance Summary - As of September 19, 2025, Qingyi Optoelectronics' stock closed at 30.49 yuan, a 0.79% increase from the previous week [1] - The stock reached a weekly high of 31.8 yuan and a low of 29.46 yuan [1] - The company's current total market capitalization is 95.98 billion yuan, ranking 106th in the semiconductor sector and 1937th in the A-share market [1]

Core Viewpoint - Shenzhen Qingyi Optoelectronics Co., Ltd. is utilizing foreign exchange, letters of credit, and its own funds to pay for fundraising project expenses, subsequently replacing these with raised funds, which is expected to enhance operational efficiency without affecting the implementation of the fundraising project or harming shareholder interests [1][2]. Trading Information Summary - As of September 16, 2025, Qingyi Optoelectronics closed at 30.05 yuan, up 1.14%, with a turnover rate of 1.14% and a trading volume of 30,300 shares, amounting to a transaction value of 90.50 million yuan [1]. - On the same day, the main funds experienced a net outflow of 7.29 million yuan, accounting for 8.05% of the total transaction value, while retail funds saw a net inflow of 2.90 million yuan, representing 3.20% of the total transaction value [1][3]. Company Announcement Summary - On September 15, 2025, the company’s board approved the use of foreign exchange, letters of credit, and its own funds to pay for the necessary funds for fundraising projects, with the intention to replace these with raised funds later. This approach is due to restrictions on the fundraising account's functionality for overseas procurement and customs duties [1][2]. - The net amount raised from fundraising is 1.187 billion yuan, which will be used for the construction of a high-precision mask and high-end semiconductor mask production base [1][2].

Core Points - The company raised a total of RMB 1,200,000,000 by issuing 48,000,000 shares, with a net amount of RMB 1,187,009,433.95 after deducting issuance costs [1][2] - As of June 30, 2025, the company has utilized RMB 67,791.10 million of the raised funds, with RMB 61,264.34 million used to replace self-funded investments in projects [2][3] - The remaining balance of the raised funds is RMB 50,952.28 million [1][3] Fund Management - The company has established a dedicated account for the management of raised funds, adhering to relevant regulations and guidelines [1][2] - A tripartite agreement for fund storage was signed with China Bank and CITIC Securities, ensuring proper oversight of the funds [1][2] - As of June 30, 2025, the total balance in the dedicated accounts is RMB 509,522,777.79 [2][3] Fund Usage - The company has not used any idle raised funds to temporarily supplement working capital [3][4] - A resolution was passed to use up to RMB 55,000 million of idle funds for cash management, focusing on safe and liquid investment products [3][4] - The company has not utilized any excess raised funds for permanent working capital or loan repayment [4][5] Project Investment - The company has adjusted the funding sources for its projects, using raised funds instead of self-owned funds for investments in subsidiaries [5][6] - There have been no changes to the planned use of raised funds for investment projects during the reporting period [6][7] - The company has completed the replacement of self-funded investments in projects with raised funds as of June 30, 2025 [3][6]

Fundraising Overview - The company plans to issue 48,000,000 A-shares at a price of RMB 25.00 per share, raising a total of RMB 1,200,000,000, with a net amount of RMB 1,187,009,433 after deducting issuance costs [1][2] - The issuance was approved by the China Securities Regulatory Commission on April 7, 2025 [1] Fund Management and Regulatory Agreements - The company has established a special account for the raised funds, which will only be used for the intended purpose and not for any other uses [2][3] - A tripartite regulatory agreement has been signed between the company, China Bank, and the underwriter, CITIC Securities, detailing the responsibilities and obligations of each party [2][3] - The company will also sign a quadripartite regulatory agreement involving its subsidiaries and additional banks to ensure proper management of the funds [2][4] Fund Usage and Monitoring - The funds can be invested in cash management products as per regulatory guidelines, with the company required to notify the underwriter of any such investments [3][6] - The underwriter is responsible for ongoing supervision of the fund usage, including conducting site investigations and inquiries [4][7] - Any expenditures from the special account must be reported to the underwriter within three working days, along with a detailed expenditure list [5][8]