Dehao Runda replaced the fundraising project with funds raised by 340 million yuan

Dehao Runda was approved by the China Securities Regulatory Commission (CSRC) [2011] No. 1616 to issue 100 million ordinary shares (A shares) to eight specific investors in a non-public offering. 15.61 yuan, the total amount of funds raised was 1.561 billion yuan, and the actual net proceeds raised was 1.522 billion yuan. The above raised funds were fully credited on March 21, 2012.

The total investment of the fundraising project is 4.982 billion yuan. The actual raised funds will be allocated to the LED project and the supplementary company's working capital according to the ratio of 80% and 20%. The actual fundraising will not meet the investment needs of the above projects. The company has raised funds by itself. In order to grasp the market opportunities, before the funds are raised, the company will temporarily invest the funds raised by its own funds according to the actual situation of the project progress, and replace them after the funds are raised.

The main body of the "LED epitaxial film production line project" in the non-public offering of fund-raising investment projects is Wuhu Dehao Runda Optoelectronics Technology Co., Ltd., a wholly-owned subsidiary of the company. The company has completed the use of this net raised funds of 80. %, that is, 1.218 billion yuan to increase its capital.

As of March 31, 2012, the actual investment amount of the company's pre-investment in raised funds investment projects was RMB 304 million. The company's self-raised funds for the replacement of pre-investment projects by the raised funds are in line with the “Guidelines for the Standardized Operation of Listed Companies of the SME Board of Shenzhen Stock Exchange” and the relevant provisions of the “Management System for Raised Funds”, and the company agrees to replace the advance with the raised funds. The self-raised funds invested in the fundraising project were 304 million yuan.

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