002331SZSE

Feasibility Analysis Report on the Use of Funds Raised from the Issuance of Shares to Specific Objects for 2025 (Revised Draft)

Wantong Technology Co., Ltd.··4 pages

✨ AI Summary

This report outlines the feasibility of raising up to RMB 540 million through a share issuance to enhance liquidity and support business expansion. The funds will strengthen the company's financial structure, improve operational efficiency, and bolster market competitiveness. It also aims to consolidate control by the actual controller and reassure minority shareholders, ensuring long-term sustainable growth and shareholder value.

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Full Translation

AI Translation· azure_openai

1. Fundraising Plan

The total amount to be raised through the issuance of shares to specific objects is not more than RMB 540 million (inclusive), and after deducting issuance costs, the net proceeds will be used entirely to supplement working capital.

2. Necessity and Feasibility Analysis of Fund Use

(1) Necessity of Fund Use

  1. Enhance financial strength and seize industry development opportunities Currently, the national level is systematically promoting the digital transformation and upgrading of transportation infrastructure. The "vehicle-road-cloud integration" application pilot has transitioned from technical verification to large-scale construction. Fields such as smart port navigation and ecological environment monitoring are also entering a fast development track driven by significant policies, opening up vast market space for the company's core sector. In the face of intensified industry competition, accelerated technological iteration, and long project cycles, the company needs to continuously invest in R&D innovation, expand market layout, and optimize operational efficiency, which raises higher demands for working capital. By supplementing working capital through this issuance, the company will effectively strengthen its capital strength, optimize its financial structure, reduce financing costs, and provide solid financial support to seize policy dividends and respond to market competition, thereby further enhancing core competitiveness and consolidating industry position, effectively supporting the implementation of the company's medium- and long-term development strategy, and ultimately achieving sustainable growth in business scale and steady enhancement of shareholder value.

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