Bestechnic (Shanghai) (688608) 证券日报·2025-04-24 23:57Fundraising Overview - The company raised a total of RMB 4,862,100,000.00 from the issuance of 30,000,000 shares at a price of RMB 162.07 per share, with a net amount of RMB 4,758,781,150.22 after deducting fees [2][3] - The funds were verified by an accounting firm and deposited into a designated account [2] Fund Management - The company established a fund management system to ensure efficient use and protection of investor rights, adhering to relevant laws and regulations [4] - Multiple agreements were signed with banks to regulate the storage and use of the raised funds [4][5] Fund Usage - As of December 31, 2024, the company reported various uses of the raised funds, including investments in financial products and project funding [3][10] - The company has utilized idle funds for cash management, with an amount of RMB 475,000,000.00 invested in financial products as of December 31, 2024 [9] Project Adjustments - The company terminated the "Type-C Audio Chip Upgrade Project" and redirected the remaining funds to the "Smart Bluetooth Audio Chip Upgrade Project" to enhance fund efficiency [24] - Several projects have been completed and funds have been transferred to the company's general account for liquidity [8][19] Share Buyback - The company approved a share buyback plan using excess funds, with a total amount of RMB 25,999,307.43 allocated for this purpose [21] - The buyback was completed by August 23, 2024, with a total of 447,562 shares repurchased [21] Stock Incentive Plan - The company approved a stock incentive plan, granting 66,181 shares to 33 eligible participants, with a grant price of RMB 64.84 per share [35][51] - The plan includes performance-based conditions and a vesting period of 12 months [36][46]