Yowant Technology(SZ:002291) Shang Hai Zheng Quan Bao·2025-09-09 20:47Core Viewpoint - The company has decided to terminate two fundraising investment projects and permanently supplement the remaining funds into working capital for daily operations, reflecting a strategic shift in focus and resource allocation [1][5][11]. Group 1: Meeting Resolutions - The sixth board meeting on September 9, 2025, approved the termination of the "YOWANT Digital Marketing Cloud Platform Construction Project" and "Innovation Technology Research Institute Construction Project" with unanimous consent [1][3]. - The board's decision to terminate the projects will be submitted for shareholder approval [1][14]. Group 2: Fundraising and Project Details - The company raised approximately RMB 2.97 billion through a non-public offering, with a net amount of RMB 2.92 billion after deducting issuance costs [6][7]. - As of August 31, 2025, the total investment in the two projects was RMB 1.29 billion, with RMB 544.84 million actually invested, leaving a remaining balance of RMB 766.02 million [7][10]. Group 3: Reasons for Termination - The decision to terminate the projects is influenced by rapid advancements in AI technology, which rendered the original hardware and software plans obsolete [11][12]. - The company has shifted its focus towards social e-commerce operations and self-owned brand development, leading to a reassessment of the economic viability of the digital marketing project [12][13]. Group 4: Impact and Future Plans - The termination of these projects is expected to align better with the company's long-term strategic planning and enhance its competitive edge without harming shareholder interests [13][15]. - The remaining funds will be utilized to support the company's main business development and operational needs [13][17].