Chapter 1 General Principles
Article 1
The term "raised funds" refers to the funds raised by the listed company through the issuance of stocks or other equity-like securities for specific purposes, excluding funds raised for implementing equity incentive plans. "Excess funds" refer to the portion of the actual net raised funds that exceeds the planned amount.
Article 2
The company shall prudently use the raised funds, ensuring that their use aligns with the commitments made in the issuance application documents, and shall not arbitrarily change the direction of the raised funds. The company must disclose the actual use of raised funds truthfully, accurately, and completely. In the event of significant impacts on the normal progress of the investment plan, timely announcements must be made.
Article 3
After the raised funds from the issuance of stocks, convertible bonds, or other securities are in place, the company shall promptly handle the verification procedures, with a qualified accounting firm issuing a verification report, and shall immediately organize the use of raised funds according to the commitments made in the prospectus and other documents.
Article 4
Raised funds may only be used for the investment projects (hereinafter referred to as "investment projects") that the company has committed to in the issuance application documents. Any changes to the investment projects must be disclosed promptly after being reviewed by the board of directors and submitted for approval at the shareholders' meeting.
Article 5
The board of directors is responsible for formulating detailed plans for the use of raised funds and organizing the specific implementation of investment projects, ensuring that the use of raised funds is open, transparent, and standardized. If investment projects are implemented through the company's subsidiaries or other controlled enterprises, the company must take appropriate measures to ensure compliance with these measures.
Article 6
The company shall disclose the use of raised funds (including excess funds) in a timely manner according to the provisions of the Company Law, Securities Law, Listing Rules, and other relevant laws and regulations.
Article 7
If the raised funds (including excess funds) are not used as stipulated or if the use is changed without following the statutory approval procedures, resulting in losses to the company, the responsible persons shall bear legal liabilities according to relevant laws and regulations.
Chapter 2 Storage of Raised Funds
Article 8
To ensure the safe use and effective supervision of raised funds, the company shall open a special account (hereinafter referred to as "special account") at a legally qualified commercial bank for the storage and payment of raised funds. Raised funds shall be stored in a special account determined by the board of directors, and the special account shall not hold non-raised funds or be used for other purposes. The establishment of the special account must be approved by the board of directors and reported to the Shenzhen Stock Exchange for record.
Article 9
The company implements a special account storage system for raised funds. Except for the raised funds special account, the company shall not store raised funds in other bank accounts (including but not limited to basic accounts, other special accounts, or temporary accounts); the special account shall not hold non-raised funds or be used for other purposes. Within one month after the raised funds are in place, the company shall sign a tripartite supervision agreement with the sponsor or independent financial advisor and the commercial bank holding the raised funds.
Article 10
The company shall actively supervise the commercial bank storing the raised funds to fulfill the tripartite supervision agreement.