On April 6th, the shareholders' meeting of Dongjing Electronics reviewed and approved the “Proposal of the Company on Partially Changing the Investment Project of Non-public Offering of Raised Funds†and agreed to reduce the production capacity of “160 million miniature high-precision SMD quartz crystal resonator production line construction projectsâ€. The remaining non-public offering proceeds of 88 million yuan were used to increase the capital of Huangshan Dongjing Optoelectronics Technology Co., Ltd., a wholly-owned subsidiary, to implement the “annual production of 2.75 million mm LED sapphire crystal rod construction projectâ€.
The raised funds were received on May 2, 2012. In accordance with the relevant laws and regulations and the Shenzhen Stock Exchange's "Guidelines for the Standardized Operation of Listed Companies of SME Boards", the company opened a special account for raising funds (hereinafter referred to as "special account") at the Huangshan Tunxi Sub-branch of Industrial and Commercial Bank of China Co., Ltd. The household is only used for the storage and use of funds raised by the company's fundraising projects and may not be used for other purposes. The company, together with the sponsor institution Guoxin Securities and the Industrial and Commercial Bank of China Co., Ltd. Huangshan Tunxi Sub-branch, signed the “Tripartite Supervision Agreement on Raised Fundsâ€.
The content of the agreement is: The company has opened a special account for raising funds in the Huangshan Tunxi Sub-branch of Industrial and Commercial Bank of China Co., Ltd., the account number is, as of May 3, 2012, the balance of the special account is 88 million yuan. This special account is only used for the storage and use of funds raised by Party A's annual production of 2.75 million mm LED sapphire crystal rod construction project, and shall not be used for other purposes.
The raised funds were received on May 2, 2012. In accordance with the relevant laws and regulations and the Shenzhen Stock Exchange's "Guidelines for the Standardized Operation of Listed Companies of SME Boards", the company opened a special account for raising funds (hereinafter referred to as "special account") at the Huangshan Tunxi Sub-branch of Industrial and Commercial Bank of China Co., Ltd. The household is only used for the storage and use of funds raised by the company's fundraising projects and may not be used for other purposes. The company, together with the sponsor institution Guoxin Securities and the Industrial and Commercial Bank of China Co., Ltd. Huangshan Tunxi Sub-branch, signed the “Tripartite Supervision Agreement on Raised Fundsâ€.
The content of the agreement is: The company has opened a special account for raising funds in the Huangshan Tunxi Sub-branch of Industrial and Commercial Bank of China Co., Ltd., the account number is, as of May 3, 2012, the balance of the special account is 88 million yuan. This special account is only used for the storage and use of funds raised by Party A's annual production of 2.75 million mm LED sapphire crystal rod construction project, and shall not be used for other purposes.
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