Announcement on the Temporary Use of Part of Idle Raised Funds to Supplement Working Capital
Changcheng Information Industry Co., Ltd. (hereinafter referred to as "the Company" or "Changcheng Information") guarantees the truthfulness, accuracy, and completeness of the information disclosed in this announcement, and will bear joint liability for any false records, misleading statements, or significant omissions.
On December 30, 2016, the 42nd meeting of the 6th Board of Directors of the Company reviewed and approved the proposal on the temporary use of part of the idle raised funds to supplement working capital, agreeing to use RMB 200 million of idle raised funds for this purpose, with a term not exceeding 12 months. The relevant matters are announced as follows:
1. Basic Information on the Raised Funds
Approved by the China Securities Regulatory Commission (CSRC) document [2014] No. 1313, the Company publicly issued 31,847,133 shares to specific investors at a price of RMB 31.4 per share in December 2014, raising a total of RMB 999,999,976.20. After deducting issuance costs of RMB 20,400,000, the net amount raised was RMB 979,599,976.20. The raised funds were fully received on December 22, 2014, and Tianzhi International Accounting Firm (Special General Partnership) verified the receipt of the raised funds and issued verification report Tianzhi Yezi [2014] No. 12877. The Company manages the raised funds in a dedicated account in accordance with relevant regulatory documents such as the "Regulatory Guidelines for Listed Companies No. 2 - Management and Use of Raised Funds" and the "Guidelines for Standardized Operations of Main Board Listed Companies on the Shenzhen Stock Exchange."
2. Basic Information on Investment Projects of the Raised Funds
According to the proposal for the non-public issuance of shares to specific objects approved at the 7th meeting of the 6th Board of Directors on May 8, 2014, the 8th meeting on June 6, 2014, and the 2014 second extraordinary general meeting on June 25, 2014, the total amount raised from this non-public issuance does not exceed RMB 1 billion, planned to be invested in the following projects: