CITIC Securities Co., Ltd. (hereinafter referred to as "CITIC Securities" or "Sponsor") is the sponsor for Shenzhen Xinyuan Material Technology Co., Ltd. (hereinafter referred to as "Company," "Listed Company," or "Xinyuan Material") for its issuance of A-shares to specific targets and listing on the Growth Enterprise Market in 2021. In accordance with the "Regulations on the Supervision of Fundraising by Listed Companies," "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange—Standardized Operations of Growth Enterprise Market Listed Companies," and other relevant regulations, CITIC Securities conducted a verification of the fund storage and usage for Xinyuan Material for 2025. The specific situation is as follows:
I. Basic Situation of Fundraising
(1) Actual Amount Raised and Timing of Fund Arrival
- The fundraising through the issuance of shares to specific targets in 2021 was approved by the China Securities Regulatory Commission (CSRC) under document [2022] No. 891 and agreed upon by the Shenzhen Stock Exchange. The company issued 125,673,249 shares to specific targets, raising a total of RMB 3,499,999,984.65. After deducting issuance costs of RMB 21,376,087.52 (excluding tax), the actual net amount raised was RMB 3,478,623,897.13. The aforementioned funds were fully in place on July 13, 2022. The net amount raised has been verified by Deloitte Touche Tohmatsu CPA Ltd. (Special General Partnership) under verification report No. (2022) 440C000398.