Summary by Moomoo AI
Zhejiang Shibao adopted a written resolution of the Board of Directors and Supervisory Board on 19 April 2024 to adjust the investment amount of investment projects for the issuance of A-share capital to specific entities. The company originally planned to raise funds of RMB11.8 billion, but the net amount of the actual fund raised was RMB3.4409 billion, less than expected. Therefore, the company decided to adjust its investment in the four fundraising projects to ensure the smooth implementation of the projects and improve the efficiency of the use of funds. Both the Board of Directors and the Supervisory Board consider that this adjustment is in compliance with relevant laws and regulations and will not prejudice shareholders' interests. The sponsor also has no objection to this adjustment.