Zheng Quan Zhi Xing·2025-08-27 10:29Core Viewpoint - The company is undergoing adjustments to its fundraising projects, including delays and changes in investment allocation, to enhance the efficiency of fund usage and align with its strategic development goals [1][19]. Fundraising Basic Situation - The company raised a total of RMB 10.53 billion through its initial public offering, with a net amount of RMB 10.35 billion available for investment [1]. - All raised funds have been deposited into a designated account approved by the board of directors, with a tripartite supervision agreement in place [1]. Fund Investment Project Situation - The funds are allocated to advanced and intelligent technology R&D projects, advanced manufacturing base projects, information technology construction projects, and working capital supplementation [2]. - As of June 30, 2025, a total of RMB 586.34 million has been utilized, representing 56.63% of the committed investment [2]. Delay of Fund Investment Projects - The company has decided to postpone the completion dates for the advanced technology R&D and information technology projects to December 2026 and June 2026, respectively, due to external environmental impacts [3][4]. Reasons for Project Delays - The adjustments are made to ensure the quality of project implementation and to meet the company's development requirements, without changing the project subjects or investment purposes [3][4]. Project Change Situation - The company plans to terminate the investment in the advanced manufacturing base project, reallocating the remaining funds to new projects, including digital transformation and technological upgrades for existing production lines [6][10]. New Investment Project Situation - New projects include the digital transformation of the rail control system and upgrades to cable production lines, with a total investment of RMB 61.55 million planned for these initiatives [9][10]. Impact of Project Changes - The changes are expected to enhance the efficiency of fund usage and align with the company's long-term development strategy, without affecting normal operations or shareholder interests [19][20]. Review Procedures and Opinions - The board and supervisory committee have approved the changes, confirming compliance with relevant regulations and emphasizing the benefits for shareholders [20][21].