Summary by Moomoo AI
Purple Gold Mining released on 22 March 2024 a Report on Verification of Fundraising Deposits and Actual Utilization, which was produced by EY Accounting Firm (Special General Partnership), which reflects the storage and use of the Company's funds raised in 2023. The report showed that Purple Gold Mining raised through the public issuance of convertible corporate bonds amounted to RMB60 billion, and net actual fundraising was approximately RMB59.7 billion after deducting related expenses. As of 31 December 2023, approximately USD 56 billion has been invested in fundraising projects. The Company does not use fundraising funds for cash management or investment-related products, nor does it use over-raising funds. The management and use of the funds raised is carried out in accordance with the relevant regulatory requirements and a number of banks have signed special storage regulatory agreements for raising funds to regulate the management of fundraising.