Core Viewpoint - The company has decided to extend the implementation deadlines for its fundraising projects related to 5G technology until December 31, 2026, due to delays in project progress and changes in market conditions [1][7][10]. Group 1: Fundraising Overview - The company raised a total of RMB 413,668.75 million from its initial public offering, with a net amount of RMB 401,132.53 million after deducting issuance costs [2]. - The funds have been fully received and are being managed in dedicated accounts as per regulatory requirements [2][3]. Group 2: Project Details - The fundraising projects include "5G Wireless System Product Upgrade and Technology Evolution R&D Project," "5G Industry Private Network and Intelligent Application R&D Project," and "5G Fusion Antenna and New Indoor Distribution Equipment R&D Project" [1][3]. - The total planned investment for these projects is RMB 400,000 million, with an actual excess of RMB 1,132.53 million [3][4]. Group 3: Project Delay Reasons - The delay in project implementation is attributed to the slowdown in 5G network construction by major clients and the longer development cycle for 5G-A technology [7][9]. - As of December 31, 2024, the investment progress for the projects was reported at 66.16%, 61.64%, and 72.20% respectively [8][9]. Group 4: Impact and Compliance - The extension of the project deadlines does not alter the intended use of funds, total investment, or project implementation entities, ensuring no adverse impact on the company's operations or shareholder interests [9][10]. - The company will continue to adhere to relevant regulations and guidelines to ensure effective management of the raised funds [9][10].
信科移动: 关于募投项目延期的公告