Guotai Junan Securities Co., Ltd. (hereinafter referred to as "Guotai Junan") or "the Company" has conducted a special verification regarding Qingdao Senqilin Tire Co., Ltd. (hereinafter referred to as "Senqilin") on the completion of fundraising investment projects and the permanent supplementation of working capital with surplus funds. This follows the approval of the first public offering of shares in 2020 and the special fundraising in 2023.
1. Basic Information on Fundraising
(1) 2020 First Public Offering Fundraising
According to the approval of the China Securities Regulatory Commission (hereinafter referred to as "CSRC") (Approval No. [2020] 1383), Senqilin's first public offering of shares was approved, with a total of 6,900,000 shares issued at a price of 18.96 RMB per share. The total amount raised was 1,308,240,000 RMB, excluding issuance expenses. As of September 8, 2020, the total amount of the fundraising was 2,789,610,146.80 RMB.
(2) 2023 Special Fundraising for Specific Projects
Based on the CSRC's approval (Approval No. [2023] 1432), the Company has raised 34,907,847 RMB, with a face value of 10.00 RMB per share and an issue price of 29.69 RMB per share.
2. Management and Use of Fundraising
To regulate the management and use of fundraising, the Company has enhanced the efficiency of fund usage and ensured compliance with relevant regulations. The Company has established a management system for fundraising, which includes the management and monitoring of fund usage.