SHANGHAI CHALLENGE(SZ:002486)2022-12-07 09:22Group 1: Investor Relations Activities - The investor relations activity involved a meeting with specific institutions to discuss recent operational conditions and the private placement fundraising matters [2][3] - The meeting was attended by key personnel including the Vice President and Board Secretary, Ling Yun, and the Internal Audit Department representative, Zhuang Hanbing [3][4] Group 2: Fundraising Details - The company has received the acceptance letter from the China Securities Regulatory Commission (CSRC) for the private placement [3] - The intended participants in the private placement include major financial institutions and individual investors, with cash subscriptions for the shares [3] - The shares subscribed by the participants will not be transferable for 36 months post-issuance, ensuring stability in shareholder structure [3] Group 3: Use of Raised Funds - The raised funds will primarily be used to enhance working capital, optimize financial structure, and reduce interest expenses [4] - The company plans to invest in improving its main business supply chain, R&D technology, and fabric industry upgrades [4] Group 4: Future Development Plans - The company aims to strengthen its existing outdoor specialty fabric business and explore upstream and downstream industry chain extensions through investments and mergers [4] - There are plans to enhance brand promotion and leverage new media marketing channels to expand product outreach [4] Group 5: Tax Policy Impact - The company is monitoring potential impacts from the recent increase in export tax rebate rates, although no official notification has been received from tax authorities yet [4]