Xinyi Securities Co., Ltd. (hereinafter referred to as "the Company") has submitted a review opinion regarding the change in the use of part of the fundraising by Jiangsu Jingsheng Mechanical & Electrical Co., Ltd. (hereinafter referred to as "Jingsheng Electric"). Based on the "Regulations on the Management of Fundraising by Listed Companies" and the relevant provisions of the Shenzhen Stock Exchange, the Company has conducted a review of the situation related to the change in the use of funds raised, as follows:
1. Basic Situation of Fundraising
(1) Basic Situation of Fundraising
According to the meeting of the board of directors (Document No. 947), the Company has issued 21,353,383 shares at a price of 66.50 yuan per share, raising a total of 142,000,000 yuan. The Company has used 8,597.14 million yuan of the raised funds as of December 31, 2022, mainly for the renovation and equipment investment of the purification workshop.
| No | Project Name | Fundraising Amount | Total Investment | Investment Progress |
|---|---|---|---|---|
| 1 | 12-inch Silicon Wafer Equipment Testing Project | 56,370.00 | 8,597.14 | 15.25% |
| 2 | 80,000-ton Annual Capacity Silicon Material Production Project | 43,210.00 | 2,956.46 | Completed |
| 3 | Purification Fund | 42,602.70 | 42,229.81 | 100.49% |
| Total | 141,602.70 | 53,783.41 | - |