Qibu Corporation Limited(603557) 420 announced that it plans to terminate the investment project of funds raised by initial public offering. Project name: construction project of marketing network and regional operation service center, new retail and new manufacturing project.
The announcement shows that the main content of the “construction project of marketing network and regional operation service center” is to set up 5 new regional operation service centers nationwide and build 115 supporting retail outlets.
In recent years, with the development of e-commerce, e-commerce live broadcast and other emerging sales channels, especially the impact of the epidemic, it has a great impact on offline consumption. Constantly deepening and improving the sales model of Wuxi Online Offline Communication Information Technology Co.Ltd(300959) combination and expanding product sales channels have become the development trend of shoe and clothing enterprises Qibu Corporation Limited(603557) at present, a widely distributed and mature distribution network system and huge terminal stores have been established. As of September 30, 2021, the company has 1694 offline stores, covering 31 provinces, cities and autonomous regions in China.
Under the influence of the epidemic and the change of industry sales trend, the performance of Direct stores is poor, the number of closed stores is large, and the project income is poor. At present, the implementation environment of IPO project construction has changed significantly. Due to great changes in the external environment and considering the long-term sustainable and healthy development needs of the company, Qibu Corporation Limited(603557) decided to implement more flexible operation, channel and store opening strategies.
It is reported that the purpose of the remaining raised funds after the termination of the project is, and the remaining raised funds and interest are used to permanently supplement working capital, and to pay suppliers’ procurement funds, employee salaries, taxes and other daily business of the company.
