炬芯科技股份有限公司

Fund Utilization Overview - As of December 31, 2024, the company has invested a total of RMB 397.21 million in relevant projects from the raised funds [1] - There were no abnormal situations reported regarding the investment projects funded by the raised capital [1] - The company has not used idle raised funds to temporarily supplement working capital during the reporting period [5][7] Project Effectiveness - The R&D center construction project and the development and technology reserve fund do not generate direct economic benefits but contribute indirectly to the company's economic performance [2] - The company has utilized RMB 85.72 million of raised funds to replace self-raised funds used for investment projects [4] - The company has completed a share buyback using raised funds, totaling RMB 32.26 million for 1,317,978 shares, representing 0.902% of the total share capital [10] Changes in Fund Allocation - The company has not experienced any changes in the fundraising investment projects during the reporting period [13] - The company has approved the use of RMB 121.71 million of excess raised funds to increase investment in existing projects and adjust their implementation timelines [8] - The company has also approved the use of up to RMB 409.37 million of excess raised funds for new project investments [9] External Audit and Compliance - The company has complied with relevant laws and regulations regarding the use of raised funds, with no violations reported [13][14] - The external auditor has confirmed that the management's report on the use of raised funds aligns with regulatory requirements [13][14] Foreign Exchange Hedging - The company plans to conduct foreign exchange hedging activities to mitigate risks associated with currency fluctuations, with a maximum amount of USD 36 million or equivalent [16][18] - The hedging activities will be based on actual operational needs and will not involve speculative trading [16][21] - The company has established internal controls and risk management measures to oversee the hedging activities [22][23]