凌云光技术股份有限公司

Core Viewpoint - The company has announced the completion of certain fundraising projects and the decision to permanently supplement its working capital with the remaining funds from these projects [4][12][14]. Group 1: Fundraising and Project Completion - The company held meetings on August 27, 2025, where it approved the completion of fundraising projects related to "New Energy Intelligent Vision Equipment R&D," "Digital Twin and Intelligent Automation Technology R&D," and "Visual + AI Virtual Reality Integration Content Production Center" [4][8]. - The total amount raised from the initial public offering was RMB 197,370 million, with a net amount of RMB 180,528.33 million after deducting issuance costs [5][36]. - The company has decided to use the surplus funds from these projects to permanently supplement its working capital, which will be utilized for daily operational activities [12][14]. Group 2: Fund Management and Efficiency - The company has implemented a cash management strategy for temporarily idle fundraising, allowing for the purchase of safe and liquid financial products [27][28]. - The company has emphasized the importance of optimizing R&D paths and managing project expenditures effectively to ensure quality while reducing total project costs [11][35]. - The remaining funds from completed projects will be transferred to the company's general funds after settling any outstanding payments [12][32]. Group 3: Regulatory Compliance and Oversight - The board of supervisors and the sponsoring institution have both expressed their agreement with the decision to conclude certain fundraising projects and reallocate the surplus funds, confirming that the process complies with relevant regulations [13][14]. - The company has disclosed the revised governance structures and internal management systems in accordance with the latest regulations from the Shanghai Stock Exchange [2][4].