Core Viewpoint - The company has approved the temporary use of idle raised funds to supplement working capital, amounting to no more than RMB 200 million, with a validity period of 12 months from the board's approval date [9][14]. Financial Data - The financial statements for the third quarter are unaudited, and the company has confirmed the accuracy and completeness of the financial information [3][4]. - The company raised a total of RMB 1.168 billion from its initial public offering, with a net amount of RMB 1.071 billion after deducting issuance costs [10]. Shareholder Information - The company has not reported any changes in the top ten shareholders or significant shareholders due to the temporary use of idle funds [5][6]. Fund Usage Plan - The company plans to use the idle funds strictly for business expansion, daily operational expenses, and repayment of due bank acceptance bills related to its main business activities [14][15]. - The company will not use the funds for stock trading or any activities that could alter the intended use of the raised funds [14]. Approval Process - The board of directors held a meeting on October 24, 2025, to approve the use of idle funds and the establishment of a special account for these funds, which does not require shareholder approval [16][17].

Core Viewpoint - Zhongyi Technology announced the approval of using self-owned funds to pay part of the expenses for fundraising investment projects, which will be replaced by raised funds within six months to ensure the smooth progress of a total investment of 609 million yuan [1][2][4] Fundraising and Investment Project Overview - Zhongyi Technology raised a total of 768 million yuan from its initial public offering in 2022, with a net amount of 700 million yuan after deducting issuance costs [2] - The net amount will be allocated to four major investment projects, with 609 million yuan specifically designated for the following: - National IT infrastructure operation and service system construction project: 353.28 million yuan - R&D center construction project: 106.79 million yuan - Intelligent operation and maintenance platform upgrade project: 68.78 million yuan - Supplementing working capital: 80 million yuan [2] Reason for Using Self-Owned Funds - The need to use self-owned funds arises from the restriction on paying employee salaries and related expenses directly from the fundraising account, as per regulations [2][3] Operational Process and Compliance Assurance - The company has established a clear operational process for the use of self-owned funds, which includes submitting a payment application, obtaining approval, and transferring equivalent funds from the fundraising account within six months [4] - The operation complies with relevant regulations and does not alter the direction of the raised funds, ensuring the normal implementation of investment projects [4] Review Procedure and Sponsor Institution Opinion - The matter has been approved by the company's board of directors and the audit committee, with the sponsor institution confirming that the operation followed necessary approval procedures and complies with regulatory requirements [5] Commitment to Regulatory Compliance - Zhongyi Technology stated that it will strictly adhere to regulatory requirements in the future to ensure the protection of shareholder interests [6]

Core Viewpoint - The company has approved the use of part of its raised funds to provide a loan to its controlling subsidiary, which is aimed at implementing a fundraising investment project, thereby enhancing the efficiency of fund utilization [1][4][9]. Meeting Details - The fifth session of the company's supervisory board was held on October 13, 2025, with all three supervisors present, and the meeting complied with relevant laws and regulations [1][2]. - The supervisory board unanimously approved the proposal to use part of the raised funds for the loan [2]. Fundraising and Loan Details - The company plans to provide a loan of 9 million RMB to its subsidiary, Inner Mongolia Hongyuan Tiancheng Technology Development Co., Ltd., for the implementation of a project to produce 350 tons of hydroxy ketone series photoinitiators annually [4][5]. - The total amount raised from the initial public offering was approximately 1.85 billion RMB, with a net amount of about 1.71 billion RMB after deducting issuance costs [5]. Purpose and Impact of the Loan - The loan is intended to ensure the smooth implementation of the fundraising investment project and aligns with the planned use of raised funds, without altering the intended use or harming shareholder interests [9][11]. - The subsidiary, Hongyuan Tiancheng, is financially stable and poses controllable financial risks [9]. Fund Management - The loan will be managed through a dedicated account for raised funds, with a tripartite supervision agreement signed among the company, the bank, and the sponsor [10]. - The loan interest rate will be determined based on the latest published loan market quotation rate and other factors, with a maximum term of 36 months [6]. Opinions from Supervisory Board and Sponsor - The supervisory board and the sponsor have expressed their agreement with the proposal, confirming compliance with relevant regulations and the company's fundraising management system [12].

Group 1 - The company held its 30th meeting of the fourth board of directors on September 29, 2025, with all 9 directors present [4][5][6] - The board approved the proposal for issuing convertible bonds to unspecified objects, confirming that the company meets the necessary conditions for such issuance [7][8] - The total amount to be raised from the issuance of convertible bonds is not to exceed 801 million yuan [11][60] Group 2 - The bonds will have a face value of 100 yuan each and will be issued at face value [13] - The term of the bonds is set for six years from the date of issuance [15] - The interest rate will be determined based on market conditions and company specifics prior to issuance [17] Group 3 - The conversion period for the bonds will start six months after issuance and last until the maturity date [26] - The initial conversion price will be determined based on the average trading price of the company's A-shares prior to the announcement [28] - The company will adjust the conversion price in case of stock dividends, capital increases, or cash dividends [29] Group 4 - The company will not provide any guarantees for the bonds issued [64] - The funds raised will be deposited in a special account designated by the board of directors [62] - The company will hire a credit rating agency to issue a credit rating report for the bonds [66] Group 5 - The company will prioritize the original A-share shareholders in the bond issuance [51] - The board will be authorized to handle all matters related to the bond issuance [83] - The proposal for the bond issuance will be submitted to the shareholders' meeting for approval, requiring a two-thirds majority of the voting rights [7][74]

Group 1 - The company held its seventh temporary meeting of the eighth board on September 26, 2025, in Karamay, Xinjiang, with both in-person and remote participation [2] - The meeting approved the revision of the "2024 Annual Report on the Feasibility of Issuing A-Shares to Specific Objects" and the "2024 Annual Report on the Use of Raised Funds" [3][4] - The company confirmed that the expected benefits calculation basis for the revised reports has not changed [3][4] Group 2 - The company reported that it raised a total of RMB 102.95 million from a non-public offering of 22,878,000 shares at a price of RMB 4.50 per share, with a net amount of RMB 98.67 million after deducting fees [6] - As of June 30, 2025, all raised funds have been fully utilized, and there are no idle funds [9][10] - The company has complied with all disclosure requirements regarding the use of raised funds, with no discrepancies found in the reported usage [13]

Core Viewpoint - The fundraising situation of Yidian Tianxia raises significant questions, particularly regarding the nearly 900 million yuan allocated for the programmatic advertising platform upgrade project, which has not converted into intangible or fixed assets, leaving the flow of funds unclear [1][2] Financial Performance - In the first half of 2025, Yidian Tianxia reported explosive revenue growth, achieving 1.737 billion yuan in revenue, a year-on-year increase of 59.95%, and a net profit attributable to shareholders of 144 million yuan, up 8.81% [1] - The company has utilized a total of 1.214 billion yuan of the raised funds, with nearly 900 million yuan fully invested in the programmatic advertising platform upgrade project [1] Fund Allocation Concerns - The programmatic advertising platform upgrade project, which has a total planned investment of 892.08 million yuan, has not resulted in any fixed or intangible assets, with fixed assets reported at only 8 million yuan and intangible assets at 56 million yuan at the end of the reporting period [2] - The project’s funding is heavily focused on personnel costs, with 70% of the budget directed towards this area, raising concerns about the alignment of employee compensation and productivity [3][6] Employee Productivity Issues - Despite significant revenue growth, the company has experienced a decline in per capita revenue, dropping from over 4 million yuan before the IPO to around 2.8 million yuan afterward [5][6] - The number of employees has increased significantly, yet the cash compensation paid to employees has not risen correspondingly, leading to questions about the authenticity of the reported data [6] Accounts Receivable and Financial Pressure - The company has a high accounts receivable ratio, with over 54% of revenue coming from receivables in the first half of the year, indicating potential financial strain [7] - As of mid-2025, other receivables stood at 1.473 billion yuan, primarily from advertising sales agency services, suggesting a possible funding pressure [8] Regulatory Environment - Regulatory scrutiny on the use of raised funds has intensified, with over 40 companies penalized for violations related to fundraising and information disclosure [8] - The recent amendments to regulations emphasize that controlling shareholders and related parties must not occupy raised funds, necessitating proactive disclosure from companies [8]

Fundraising Overview - The company raised a total of RMB 254,056.47 million by issuing 63.53 million shares at a price of RMB 39.99 per share, with a net amount of RMB 237,483.71 million after deducting issuance costs of RMB 16,572.76 million [1] - As of June 30, 2025, the company has invested RMB 90,667.58 million in projects and used RMB 75,060.61 million for permanent working capital, with a remaining balance of RMB 77,046.39 million [2][7] Fund Usage and Management - The company has implemented a special account storage system for the management of raised funds, in compliance with relevant laws and regulations [2][3] - The total amount of funds stored in special accounts as of June 30, 2025, includes various bank accounts with specific balances, ensuring proper oversight [3] Project Investment and Changes - The overall investment progress of the raised funds reached 71.49% as of August 28, 2025 [4] - The company has changed the project from "Testing Center Construction Project" to "Chip Testing Industrial Park Construction Project," with a total investment of RMB 144,250.24 million, divided into two phases [4][5] Financial Management of Idle Funds - The company has approved the use of idle funds for cash management, allowing up to RMB 12 billion to be invested in safe and liquid financial products, with a maximum investment period of 12 months [6][7] - As of June 30, 2025, the balance of temporarily idle funds used for cash management was RMB 6,000.00 million [7] Project Benefits and Performance - The "Testing Center Construction Project" is expected to enhance the company's R&D capabilities, although it does not generate direct economic benefits [9] - The projects funded by the raised capital are anticipated to improve the company's financial structure and cash flow, indirectly enhancing overall performance [9] Compliance and Reporting - The actual use of raised funds aligns with previously disclosed information, with no discrepancies noted in the company's periodic reports [10]

Core Points - The report provides an assurance on the use of previously raised funds by Wuxi Xinhongye Cable Technology Co., Ltd. as of June 30, 2025, confirming compliance with regulatory guidelines [1][2][3] - The total amount raised from the public offering was RMB 1,633,201,816, with a net amount of RMB 1,497,369,235 after deducting issuance costs [2][3] - As of June 30, 2025, the company has utilized RMB 1,401,593,426.27 of the raised funds, with a remaining balance of RMB 130,309,936.95, accounting for 8.70% of the net amount raised [5][6] Fundraising and Utilization - The company issued 24,274,700 shares at a price of RMB 67.28 per share on May 26, 2023, with the funds fully received by May 30, 2023 [2][3] - Prior to the funds being raised, the company used its own funds amounting to RMB 537,704,512.56 for project investments [2][4] - The company has opened dedicated bank accounts for the storage of raised funds, with a balance of RMB 30,302,686.60 in the special account as of June 30, 2025 [2][5] Project Investment and Returns - The company has invested in several projects, including the New Energy Special Cable Intelligent Manufacturing Center and the New Energy Special Cable R&D Center, with significant amounts allocated to each [3][4][6] - The total investment in these projects has yielded a cumulative return of RMB 43,713,167.21 over the last three years [8] - The company has also approved the use of idle funds for cash management, with a total of RMB 190,000,000 allocated for this purpose [3][4] Changes and Adjustments - There have been no changes to the previously raised funds, and the company has not reported any inability to achieve promised returns [3][4] - The company has approved the permanent use of surplus funds amounting to RMB 30,000,000 to supplement working capital [5][6] - As of June 30, 2025, the company has also decided to permanently supplement working capital with surplus funds from completed projects, totaling RMB 10,035,670 [6][7]

Meeting Details - The 31st meeting of the 9th Supervisory Board of Shanghai Aisxu New Energy Co., Ltd. was held on September 4, 2025, via communication, with all 3 attending supervisors present [1] - The meeting was convened in accordance with relevant laws and regulations, ensuring the legality and validity of the resolutions made [1] Resolutions Passed - The Supervisory Board approved the proposal to temporarily use part of the idle raised funds to supplement working capital, with a unanimous vote of 3 in favor [2] - The decision to use 315 million yuan of idle raised funds for this purpose is aimed at improving the efficiency of fund utilization and reducing financial expenses, aligning with the interests of all shareholders [2] - The temporary use of idle funds does not alter the intended use of the raised funds or harm shareholder interests, complying with regulatory guidelines [2]

Core Viewpoint - The company plans to use up to RMB 110 million of idle raised funds to temporarily supplement its working capital for a period not exceeding 12 months, approved by the board on September 4, 2025 [1][4][6]. Summary of Fundraising Situation - The company raised a total of RMB 3,999,999,988.44 through a non-public stock issuance, with a net amount of RMB 3,994,750,464.69 after deducting issuance costs [1]. - The company issued up to 177,147,918 new shares as approved by the China Securities Regulatory Commission [1]. Investment Project Overview - The raised funds will be allocated to pig breeding projects and to supplement working capital. As of June 30, 2025, the usage of raised funds includes various breeding projects and working capital [2][4]. - Specific projects include breeding facilities with capacities of 13,500 pigs and a project for 300,000 market pigs [2]. Previous Use of Idle Funds - The company previously used RMB 110 million of idle raised funds for working capital, which has since been fully returned to the designated account [4][6]. Current Plan for Idle Funds - The company aims to use idle funds to enhance capital efficiency and reduce financial costs, estimating a savings of approximately RMB 1.65 million in financial expenses [6]. - The funds will strictly be used for operations related to the main business and will not alter the intended use of the raised funds [5][6]. Compliance and Approval - The board and supervisory committee have approved the use of idle funds, confirming compliance with relevant regulations and ensuring no harm to shareholder interests [7][8]. - The sponsor institution has also expressed no objections to the plan, affirming that it meets regulatory requirements [8].