Group 1 - The company held its first special meeting of the third board of independent directors on June 12, 2025, with all three independent directors present and voting unanimously in favor of the resolutions [1][2] - The adjustments to certain fundraising investment projects are based on changes in the assets to be acquired, aimed at protecting shareholder interests and the value of state-owned assets, without altering the investment direction of the raised funds [2] - The company plans to acquire land in Liuzhou through cash, which is deemed necessary for its production and operations, and complies with relevant laws and regulations [2]

Group 1 - The company held its 17th meeting of the 6th Supervisory Board on June 10, 2025, via communication methods, in compliance with relevant laws and regulations [1] - The Supervisory Board approved the adjustment of fundraising investment projects, stating that the adjustments and delays are based on actual implementation conditions and align with the company's development strategy [1] - The adjustments will not adversely affect the company's normal operations or harm shareholder interests, aligning with long-term development plans [1] Group 2 - The Supervisory Board also approved the use of temporarily idle fundraising funds for cash management, with a limit of up to RMB 1.2 billion, which is expected to enhance fund utilization efficiency while controlling risks [2] - This cash management decision will not impact the construction of fundraising investment projects or change the intended use of the funds, benefiting the company and all shareholders [2]

Core Viewpoint - The company has adjusted the internal investment structure of its fundraising projects based on actual progress and future planning, ensuring that it does not negatively impact normal operations or shareholder interests [1][2]. Group 1 - The fifth Supervisory Board meeting of the company was held on May 30, 2025, with all three supervisors present, and the meeting was conducted in accordance with relevant laws and regulations [1]. - The Supervisory Board approved the proposal to adjust the internal investment structure of fundraising projects, confirming that the adjustments align with the company's actual situation [1]. - The adjustments made do not constitute a disguised change in the use of raised funds or harm shareholder interests, complying with regulatory requirements [1]. Group 2 - The voting results for the proposal were unanimous, with 3 votes in favor, 0 against, and 0 abstentions, indicating strong support from the Supervisory Board [2]. - The proposal will be submitted for review at the shareholders' meeting, indicating the next step in the decision-making process [2].

Core Viewpoint - The company has announced adjustments to the internal investment structure of its fundraising projects, focusing on R&D and industrialization in key technology areas [1] Group 1: Project Adjustments - The adjustments involve three main projects: "R&D and industrialization of high-voltage power supply and electric drive power chips for new energy vehicles," "R&D and industrialization of industrial-grade digital power management chips and supporting power chips," and "Suzhou R&D center project" [1] - For the new energy vehicle project, the investment in hardware, software, and IP acquisition has been reduced by 96 million yuan, while R&D expenses have increased by 96 million yuan [1] - The industrial-grade digital power management chip project has seen a reduction of 135 million yuan in hardware, software, and IP acquisition, with a corresponding increase of 135 million yuan in R&D expenses [1] - The Suzhou R&D center project has had a decrease of 26 million yuan in hardware, software, and IP acquisition, with R&D expenses increasing by 57 million yuan [1]

Core Points - The company announced a board and supervisory meeting on May 21, 2025, to approve the extension of certain fundraising investment projects and the addition of implementation entities and locations [1] - The "Annual Production of 60,000 Riding Lawn Mowers Project" deadline has been extended to August 31, 2027, with the addition of Daye Mexico Sociedad Anonima de Capital Variable as a co-implementing entity and Mexico as a new implementation location [1] - As of December 31, 2024, the project has accumulated an investment of 101 million yuan, with an investment progress of 45.75% [1] - The adjustments made do not involve changes in the use of raised funds and will not have a significant adverse impact on the company's normal production and operations [1]