CrownStone Technology's display device investment project has been completed, and it will increase investment in the photomask project by 133 million yuan
Guanshi Technology announced that the company's initial public offering of shares raised funds for investment projects in functional structural parts, ultra-high-definition liquid crystal display panels and R&D center projects have been completed.
On March 21, Guanshi Technology issued an announcement stating that the company's initial public offering investment project "Functional Structural Parts, Ultra-High Definition Liquid Crystal Display Panels and R&D Center Project" has been completed and officially closed, and the relevant special account for raised funds will be cancelled simultaneously.
According to the announcement, all the funds planned to be used for the project have been invested, and the remaining amount is zero. The total amount of funds raised by Guanshi Technology's initial public offering in 2021 was 501 million yuan, and the actual net amount after deducting the issuance expenses was 456 million yuan. The above funds were all in place on August 5, 2021 and deposited in a special account for supervision.
The project is one of the core investment directions of Guanshi Technology's IPO. The original planned investment scale covers functional structural parts, ultra-high-definition liquid crystal display panels and R&D center construction. The company said that after the project reaches full production, it will further enhance the production and technical capabilities in the field of display devices.
On the same day, Guanshi Technology announced that due to the investment in the photomask manufacturing project, the company plans to increase its capital by RMB 133 million in cash to Ningbo Guanshi, a wholly-owned subsidiary of the project implementation entity. The source of funds will be the company's "Photomask Manufacturing Project" fundraising balance of RMB 131,881,082.54 as of March 20, 2025 and the subsequent net interest income and financial management income accumulated before this part of the raised funds is transferred to Ningbo Guanshi's fundraising special account. The shortfall will be made up with self-owned funds.
On March 21, Guanshi Technology issued an announcement stating that the company's initial public offering investment project "Functional Structural Parts, Ultra-High Definition Liquid Crystal Display Panels and R&D Center Project" has been completed and officially closed, and the relevant special account for raised funds will be cancelled simultaneously.
According to the announcement, all the funds planned to be used for the project have been invested, and the remaining amount is zero. The total amount of funds raised by Guanshi Technology's initial public offering in 2021 was 501 million yuan, and the actual net amount after deducting the issuance expenses was 456 million yuan. The above funds were all in place on August 5, 2021 and deposited in a special account for supervision.
The project is one of the core investment directions of Guanshi Technology's IPO. The original planned investment scale covers functional structural parts, ultra-high-definition liquid crystal display panels and R&D center construction. The company said that after the project reaches full production, it will further enhance the production and technical capabilities in the field of display devices.
On the same day, Guanshi Technology announced that due to the investment in the photomask manufacturing project, the company plans to increase its capital by RMB 133 million in cash to Ningbo Guanshi, a wholly-owned subsidiary of the project implementation entity. The source of funds will be the company's "Photomask Manufacturing Project" fundraising balance of RMB 131,881,082.54 as of March 20, 2025 and the subsequent net interest income and financial management income accumulated before this part of the raised funds is transferred to Ningbo Guanshi's fundraising special account. The shortfall will be made up with self-owned funds.