China Haifang completes some fundraising projects, with surplus funds of 6,694.54 yuan

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China Haifang announced that the total proceeds from its 2020 private placement were approximately 2.113 billion yuan. Among them, the Marine Defense XXXX Detection Equipment R&D and Industrialization Project had a committed investment of 330 million yuan, with cumulative investment of 334.1379 million yuan, leaving a surplus of 6,694.54 yuan. The company plans to keep the surplus funds in the original special account for the proceeds and will arrange their use scientifically and prudently based on future operational or investment needs.

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