Baoli New Energy Technology Co., Ltd. (hereinafter referred to as "Baoli New" or "the Company") held the fifth meeting of the sixth board of directors, the fourth meeting of the sixth supervisory board, and the fourth special meeting of the independent directors on June 21, 2024. The meetings reviewed and approved the proposal on the extension of the return of idle raised funds and the continued use for temporary working capital, agreeing to extend the return of idle raised funds of 40 million yuan and continue using them for temporary working capital. The new return deadline is from the date of this board meeting approval until December 31, 2024, at which point the funds will be returned to the special account for raised funds. The specific details are announced as follows:
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Basic Situation of Raised Funds The China Securities Regulatory Commission approved the registration of Baoli New Energy Technology Co., Ltd. for a specific target stock issuance (Zheng Jian Xu Ke [2022] No. 373). The Company has issued 144,508,670 ordinary shares at a price of 1.73 yuan per share to 12 specific targets, including the actual controller of the Company, Ms. Gao Baoqing. The total amount raised was 249,999,999.10 yuan. After deducting underwriting fees, sponsorship fees, and other issuance costs of 17,400,951.57 yuan (excluding VAT), the net amount raised was 232,599,047.53 yuan. The sponsoring institution transferred the net amount to the Company's designated special storage account for the raised funds on April 22, 2022, after deducting relevant sponsorship and underwriting fees. The arrival of the raised funds has been verified by Lianda Accounting Firm (Special General Partnership) in the verification report dated April 25, 2022 (Lianda Verification [2022] No. B2004).
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Use of Raised Funds The Company and all members of the board guarantee that the announcement content is true, accurate, and complete, with no false records, misleading statements, or significant omissions. The funds raised from the issuance of shares will be invested in the following projects:
| Project Name | Total Committed Investment (10,000 yuan) |
|---|---|
| Baoli New (Inner Mongolia) Battery Co., Ltd. Special Upgrade Project | 13,259.90 |
| Baoli New R&D Center Construction Project | 3,000.00 |
| Supplementing Working Capital | 7,000.00 |
| Total | 23,259.90 |
As of May 31, 2024, the Company has used 19,098.22 million yuan of the raised funds, with an unused amount of 4,580.80 million yuan (including net interest and temporary working capital).