Youon(SH:603776) Zheng Quan Zhi Xing·2025-08-04 16:47Summary of Key Points Core Viewpoint - The company has adjusted the timeline for its convertible bond fundraising project, specifically the "Intelligent System Design and Deployment Project for Shared E-Bikes," to December 2027 due to various operational and market factors affecting its shared mobility business [1][4]. Group 1: Fundraising Overview - The company issued 8,864,800 convertible bonds with a face value of 100 RMB each, raising a total of 88,648 million RMB, with a net amount of 87,000.11 million RMB after deducting issuance costs [1][2]. - A fundraising supervision agreement was signed with the sponsor and the bank to ensure the funds are stored in a dedicated account [2]. Group 2: Use of Funds - As of June 30, 2025, the total investment for the project is 88,648 million RMB, with cumulative usage of 62,250.16 million RMB [2]. Group 3: Reasons for Timeline Adjustment - The company has experienced a decline in revenue from its shared mobility business due to macroeconomic factors and regional policies, leading to a slowdown in vehicle deployment in certain cities [2][3]. - The project implementation period has been extended due to the need for research and development, hardware procurement, and system upgrades, necessitating a careful assessment of market conditions before further investments [2][3]. Group 4: Measures for Project Continuation - The company plans to actively promote the project while being mindful of market demand and competition, ensuring that the project aligns with its operational realities and growth potential [2][3]. Group 5: Impact on Operations - The adjustment of the project timeline is a prudent decision based on objective circumstances and does not constitute a substantial change in the project’s implementation, investment total, or scale [4][5]. - The company’s normal operations are not expected to be adversely affected by this adjustment, and it aligns with the company's long-term strategic development [4][5]. Group 6: Review Procedures - The adjustment has been approved by the company's board and supervisory committee, following necessary legal procedures, and is compliant with relevant regulations [4][5].