Zheng Quan Zhi Xing·2025-05-29 09:57Core Viewpoint - The company has decided to terminate part of its fundraising projects and will continue to manage the remaining funds in a dedicated account, ensuring compliance with regulatory requirements and aligning with its strategic development needs [1][8]. Fundraising Overview - The company raised a total of 1,500 million RMB by issuing 15,000,000 shares at a price of 58.58 RMB per share, with actual funds amounting to 874.81 million RMB after deducting issuance costs [1]. - As of May 19, 2025, the cumulative investment in the semiconductor testing equipment project was 478.61 million RMB out of a planned total of 746.81 million RMB [1]. Project Termination Details - The project for producing 1,000 sets of semiconductor testing sorting machine components was planned with a total investment of 110.66 million RMB, but the implementation has been slower than expected due to external economic factors [2][3]. - The company has decided to extend the project's completion date to November 2025, with independent directors and the sponsor institution agreeing to this decision [2][8]. Reasons for Project Termination - The company aims to strengthen its supply chain management and ensure timely delivery of components, which has led to the decision to self-manufacture rather than rely on external suppliers [3][4]. - The initial assumptions regarding market demand and industry policies have not changed significantly, indicating that the project's necessity and feasibility remain intact [4][5]. Future Use of Remaining Funds - The remaining funds will be kept in a dedicated account, and the company plans to seek new investment opportunities while evaluating existing projects for potential additional investments [7][8]. Impact of Project Termination - The decision to terminate the project and manage the remaining funds aligns with the company's strategic goals and does not harm shareholder interests, promoting stable and healthy development of the main business [7][8]. Review Procedures - The termination of the project and management of remaining funds have been approved by the company's board and supervisory committee, pending shareholder approval [8].