Summary by Moomoo AI
GREAT WALL AUTOMOBILE CO., LTD. (“BIG WALL AUTOMOBILE”) RECEIVED THE AUDIT OPINION OF QUTAI JUNAN SECURITIES CO., LTD. (“GUATTAI JUNAN”) REGARDING THE STORAGE AND USE OF FUNDS IN 2023. Great Wall Automobiles publicly issued A-share convertible corporate bonds on the Shanghai Stock Exchange on June 10, 2021, with a total fund raising of RMB35 billion, and net fundraising of approximately RMB34.88 billion after deducting related expenses. The funds are mainly used for new model development projects and will have been used up by 31 December 2023. The Company strictly complies with the relevant laws and regulations and internal management practices regarding the management and use of the funds raised by the Company. There has been no change in the use of funds for the fundraising projects...Show More