Summary by Moomoo AI
Flat Glass released a special report on August 27, 2024, detailing the deposit and actual use of funds raised in the first half of 2024. The report points out that the company raised a total of RMB 4 billion through the public issuance of convertible corporate bonds in May 2022 and approximately RMB 6 billion by issuing A-shares to specific entities in July 2023. The funds raised were primarily used for the following projects: thin, ultra-high-transmittance panel manufacturing for solar equipment, technical transformation project for ultra-clear glass for solar photovoltaic, construction of distributed photovoltaic power stations, and supplemental working capital. As of June 30, 2024, approximately RMB 3.04 billion and RMB 5.44 billion respectively have been utilized from the funds raised. The company has managed the raised funds in a dedicated account in accordance with regulations, and no over-raised funds have been used for ongoing or new projects. Flat Glass ensures the authenticity, accuracy, and completeness of fund usage, and undertakes corresponding legal responsibilities.