Digital video to open the use of this fund-raising plan

NetEase Finance June 4 News digital Video Night notice shows that after deducting the various issues, the company's public offering a total of 1,591,850,400 RMB 00 yuan. The company originally proposed to raise funds 388,930,600 00 yuan, other related to the main business of the operating capital of 1,202,919,800.00 Yuan.　　The plan to raise funds is as follows: 1. Use the raise capital 60 million yuan to invest in Fujian Newland Communication Technology Co., Ltd. The company to the new world to increase capital, investment total of 60 million yuan, of which: 7.78 million yuan for the newly registered capital, 52.22 million yuan into the fund. After the completion of the increase in capital, the company held a stake in the new world of communications registered capital of 10%. After the completion of the new Newland Communications Paid-in Capital will be increased from RMB 70 million yuan to 77.78 million yuan.　　This motion still needs to be submitted to the 2009 annual shareholder meeting for consideration.　　2. Use the raise capital 20 million yuan to raise funds to repay the bank loan. Up to now, the company to Beijing Bank Zhongguancun Science and Technology Park branch of the loan balance of 20 million yuan, the borrowing rate of 4.86%, and the company raised funds 6-month fixed deposit rate of 1.98%, the bank loan interest rates and raise funds to deposit interest rates there is a large difference between interest rates.　　In order to improve the efficiency of raising funds, follow the principle of maximizing shareholder benefit, the company intends to use the raise funds 20 million yuan to repay the bank loan in advance, this will save the interest of the company more than 280,000 yuan, increase the company's operating profits.　　3. The use of raised funds 6.25 million yuan investment in digital television State Engineering (blog) Inspection Room (Beijing) Co., Ltd. For the country has been focusing on the digital television overall project into a large digital television research and development test platform, standard compliance testing platform, the digital TV laboratory reasonable use of existing resources, to avoid duplication with the current facilities, to ensure that the State and enterprises to maximize the benefits of investment.　　The establishment of digital TV laboratory is conducive to contact with the latest technology trends in the industry, to achieve cooperative development, and further promote the development of the company's research and development innovation capabilities. It is also reported that the company's stock price is RMB 59.90 yuan, the total amount of money raised RMB 1,677,200,000 00 yuan, after deducting the various issue fees 85,349,600.00 Yuan, the net amount of fund-raising is RMB 1,591,850,400 00 yuan.