Yu Diamond disclosed the plan for the use of funds

Yu Diamond (300064) announced today that the company has issued 38,000,000 ordinary shares (A shares) to the public on the GEM. The issue price is 21.32 yuan per share, and the total amount of funds raised is 810,160. 000.00 yuan, after deducting the related expenses such as underwriting fees, sponsorship fees, etc., the over-raised funds for this issuance is RMB 529,948,800.00.
The company plans to make the following arrangements for some of the super-raised funds:
1. According to the fund-raising investment project - an annual output of 300 million carats of high-grade synthetic diamond, the original planned investment of 224.45 million yuan, the current total investment plan reached 24,241,100 yuan, exceeding the capital of 17,791,100 yuan, intends to over-raise The capital account expenditure exceeds the portion. The reasons for the funds exceeding the original plan are: (1) The company's existing transformer capacity is 5900KVA, which can only meet the current capacity and office power needs. According to the provisions of Zhengzhou Power Supply Company's “Guidelines for Management of Project Expansion Projects”, electricity is used. The power consumption of households exceeding 6000KVA is required to lay a power line. With the acceleration of the implementation of the company's high-grade synthetic diamond industrialization project, the company must lay a power line to achieve power expansion, and this part will increase capital expenditure by 10.7 million yuan. (2) The new selection workshop in the fundraising project increased the capital expenditure by RMB 7,124,100 due to the change in area and structure.
2. In order to improve the company's asset and liability structure, the company intends to use the funds to return the previous bank loan of 20 million yuan.
The remaining over-raised funds of 482,607,700 yuan will be arranged within 6 months after the funds are raised. According to the company's development plan and actual production and operation needs, the plan for the use of super-raised funds will be properly arranged.

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