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After the new refinancing rules were refined, the pace of refinancing of companies on the Science and Technology Innovation Board slowed down significantly. According to Wind data statistics, calculated by the issuance date, from January to August this year, the funds raised by the Science and Technology Innovation Board through refinancing were 298 million yuan, 0 yuan, 600 million yuan, 632 million yuan, 0 yuan, 0 yuan, 520 million yuan and 1.149 billion yuan, respectively, totaling 3.2 billion yuan, while the refinancing amount of the Science and Technology Innovation Board for the whole year of 2023 was 56.999 billion yuan. This also means that the amount of refinancing by companies on the Science and Technology Innovation Board so far this year is less than a fraction of last year. At the same time, the number of companies on the Science and Technology Innovation Board that have refinanced has dropped from 52 in 2023 to 6 this year.

Several Sci-Tech Innovation Board companies announced the termination of private placement

From the perspective of detailed data, still calculated by the issuance date, in January, March and April this year, 2, 1 and 1 companies on the Science and Technology Innovation Board issued fixed increase, with the scale of 298 million yuan, 600 million yuan and 632 million yuan respectively. In the rest of the months, no company on the Science and Technology Innovation Board issued fixed increase. In addition, in July this year, 1 company issued convertible bonds with a scale of 520 million yuan.

Against the backdrop of a significant slowdown in the pace of refinancing, some companies on the Science and Technology Innovation Board have chosen to terminate their private placements. On August 15, Yuean New Materials disclosed an announcement stating that in view of the current changes in the capital market environment and the company's own actual situation, the company decided to terminate the issuance of A-shares to specific objects in 2023 and apply to the Shanghai Stock Exchange to withdraw the application documents. According to the company's private placement plan released on January 19, 2023, the total amount of funds to be raised will not exceed 260 million yuan, all of which will be used to supplement working capital.