Summary by Moomoo AI
SHANGHAI FUSTAR PHARMACEUTICALS (GROUP) CO., LTD. (“FUSTAR PHARMACEUTICALS”) ISSUED A SPECIAL REPORT ON THE STORAGE AND ACTUAL USE OF FUNDS FOR THE YEAR 2023 ON MARCH 26, 2024. The report showed that Fustar Pharmaceuticals issued non-public shares in July 2022 with a total raised amount of RMB448.38 billion, net post-issuance costs of RMB445.62 billion. As of 31 December 2023, RMB367.14 billion has been used to raise funds cumulatively. RMB64.42 billion was actually used during the reporting period, and the fundraising balance was RMB78.48 billion. IN ADDITION, FUSTAR PHARMACEUTICALS HAS ADJUSTED SOME OF ITS FUND-RAISING INVESTMENTS TO ACCELERATE THE PROGRESS OF INNOVATIVE DRUG R&D AND IMPROVE THE EFFICIENCY OF ITS USE OF FUNDS. EY's accounting firm audited the storage and use of the funds raised and produced an audit report that concluded that Resusant Pharmaceuticals' specific reports met the relevant requirements in all important respects and truly reflected the storage and actual use of the funds raised in 2023.