Summary by Moomoo AI
Zhejiang Shibao Co., Ltd. released a special report on the deposit and use of funds raised during the first half of 2024 on August 23, 2024. The report stated that the total amount of funds raised by the company through the issuance of stocks to specific parties was approximately RMB 0.35 billion, with a net amount of approximately RMB 0.344 billion after deducting issuance expenses. As of June 30, 2024, the company has invested approximately RMB 86.3512 million in investment projects and earned approximately RMB 0.7382 million in interest income. The investment projects funded by the company's capital raising include the Asia Vets Internet-connected automobile steering line control technology research and development center, etc., and no abnormal situations have occurred. In addition, the company has temporarily supplemented working capital and conducted cash management with part of the funds raised. During the reporting period, there were no significant issues with the use and disclosure of the raised funds.
