Xinxing Tools: Signed a Tripartite Supervision Agreement for Fundraising, with a Net Amount of 758 Million Yuan

Xinxing Tools announced that the company has conducted an initial public offering of 25 million shares at an issue price of 33.58 yuan per share, raising a total of 839.5 million yuan. After deducting issuance expenses, the actual net fundraising amount is 758 million yuan, which was fully in place on July 24. The company and its sponsor, Huatai United Securities, have signed a "Tripartite Supervision Agreement on Raised Funds" with five banks, including Industrial and Commercial Bank of China and Ningbo Bank, clarifying the rights and obligations of all parties regarding the storage, use, and supervision of the raised funds to standardize fundraising management and protect investors' rights and interests.