Core Viewpoint - The company intends to use raised funds to replace self-raised funds previously invested in projects and to cover issuance expenses, following regulatory compliance and internal approvals [1][5][6]. Group 1: Fundraising Overview - The company has been approved to publicly issue 40.01 million shares at a price of RMB 23.60 per share, raising a total of RMB 944.236 million, with issuance costs amounting to RMB 65.914 million [1]. - The funds have been fully received and verified by a certified accounting firm [1]. Group 2: Fund Management and Usage - The company has established a dedicated account for the management of raised funds and signed a tripartite supervision agreement with the bank and the sponsor [2]. - The net proceeds from the fundraising will be allocated to core business projects, including a low-melting-point polyester fiber project and research centers for recycled short fibers and low-melting-point fibers, with a total investment of RMB 114.5315 million [2]. Group 3: Pre-investment and Issuance Expenses - Prior to the arrival of the raised funds, the company used self-raised funds amounting to RMB 592.912 million for project investments and issuance expenses [3][4]. - The total issuance expenses incurred before the funds were received amounted to RMB 88.322 million, with RMB 10.415 million paid from self-raised funds [4]. Group 4: Approval Procedures and Opinions - The company’s board and supervisory committee approved the use of raised funds to replace pre-invested amounts and issuance expenses, which does not require shareholder approval [4]. - The timing of the fund replacement is within six months of the funds being received, complying with relevant regulations [5][6]. - The supervisory committee and the accounting firm have both confirmed that the actions taken are in accordance with regulations and do not harm shareholder interests [5][6].

Core Points - The company held its 12th meeting of the second board on August 28, 2025, where several key resolutions were passed [1][2][3] Group 1: Financial Reporting - The board approved the full and summary report for the first half of 2025, which had been reviewed by the audit committee prior to the meeting [1][2] - The voting results for the financial report were unanimous, with 5 votes in favor and no opposition [2][3] Group 2: Capital and Structural Changes - The board approved a proposal to change the company's registered capital, type, and business scope, along with amendments to the company’s articles of association, following its IPO and listing on the Shenzhen Stock Exchange [2][3] - This proposal requires approval from the upcoming temporary shareholders' meeting [3] Group 3: Fund Management - The board agreed to postpone investment projects and use excess raised funds for ongoing projects, ensuring that the changes do not affect the project's implementation or harm shareholder interests [3][4] - The board also approved the use of raised funds to replace self-raised funds previously invested in projects, complying with relevant regulations [5][6] Group 4: Governance and Meetings - The board approved the use of self-owned funds for project payments, which will later be replaced by raised funds, ensuring smooth project progress [6] - The board made amendments to various governance systems to enhance corporate governance and promote sustainable development [7] - A temporary shareholders' meeting is scheduled for September 18, 2025, to discuss several of the approved proposals [7]

Core Viewpoint - The company has approved the use of raised funds to replace self-raised funds that were previously invested in fundraising projects and paid issuance expenses, ensuring compliance with relevant regulations and maintaining the integrity of the fundraising plan [1][7][9]. Summary of Fundraising Situation - The company successfully issued 40.01 million shares at a price of RMB 15.43 per share, raising a total of RMB 617.35 million, with all funds received by July 25, 2025 [1][4]. - The funds are managed in a dedicated account with oversight from the sponsor and the bank [1]. Summary of Fundraising Projects - The total investment for the fundraising projects is RMB 643.47 million, with RMB 420 million planned to be funded by the raised funds [3][4]. - As of August 1, 2025, the company has used RMB 428.19 million of self-raised funds for project investments, with RMB 412.61 million intended to be replaced by the raised funds [4][6]. Details of Fund Replacement - The company plans to replace RMB 41.26 million of self-raised funds used for project investments and RMB 1.56 million for issuance expenses with the raised funds [6][8]. - The total issuance expenses amounted to RMB 106.73 million, with RMB 5.91 million deducted from the special account for underwriting and sponsorship fees [6][8]. Compliance and Approval Process - The board of directors and the supervisory board have approved the use of raised funds for replacing self-raised funds, confirming that the process adheres to regulatory requirements [7][9]. - The accounting firm has issued a verification report affirming the appropriateness of the fund replacement process [7][9].

Core Viewpoint - The company has approved the use of its own funds to pay for part of the fundraising project expenses and will subsequently replace these with equivalent amounts from the raised funds, ensuring compliance with regulations and maintaining project integrity [1][6][8] Fundraising Overview - The company has issued 40.01 million shares at a price of RMB 15.43 per share, raising a total of RMB 617.35 million, which has been fully received as of July 25, 2025 [1][2] - The funds are managed in a dedicated account with oversight from the sponsor and the bank [1] Project Details - The company’s fundraising projects and investment plans are outlined in the prospectus, with specific financial allocations detailed [2] Reasons for Using Own Funds - The company faces challenges in directly using raised funds for payroll and other expenses due to regulatory requirements [4][5] - To enhance operational efficiency and reduce procurement costs, the company opts for centralized purchasing, necessitating the use of its own funds initially [5] - The company aims to improve cash flow and reduce financial costs by using various payment methods before replacing with raised funds [5] Operational Process - The finance department will establish a ledger for tracking the use of own funds and will regularly transfer equivalent amounts from the fundraising account to the company’s own account [6] - The sponsor will conduct ongoing supervision of the fund replacement process [6] Impact on the Company - The decision to use own funds initially will not affect the normal implementation of fundraising projects and complies with relevant regulations [6][7] - The board and supervisory committee have approved the process, ensuring it aligns with regulatory requirements and does not harm shareholder interests [7][8]

Summary of Key Points Core Viewpoint - The report from Guotai Junan Securities on Hanguo Group's use of raised funds to replace pre-invested self-raised funds and paid issuance expenses indicates compliance with relevant regulations and confirms the appropriateness of the fund usage [1][7]. Group 1: Fundraising Overview - Hanguo Group's initial public offering (IPO) was approved by the China Securities Regulatory Commission, with a total fundraising amount of RMB 617.35 million, and a net amount of RMB 510.62 million after deducting issuance expenses of RMB 106.73 million [1][2]. - As of July 25, 2025, all raised funds have been received, and the funds are managed in a special account as per regulatory requirements [1][2]. Group 2: Investment Project Details - The total investment for the projects outlined in the prospectus is RMB 643.47 million, with RMB 420 million planned to be funded from the raised capital [2][5]. - As of August 1, 2025, Hanguo Group has used RMB 428.19 million of self-raised funds to pre-invest in projects and cover issuance expenses, with RMB 412.61 million allocated to project investments and RMB 15.58 million for issuance expenses [2][5]. Group 3: Replacement of Self-raised Funds - The company plans to use the raised funds to replace RMB 412.61 million of pre-invested self-raised funds and RMB 15.58 million of paid issuance expenses [5][6]. - The replacement of funds is in line with the company's operational needs and will not affect the normal progress of the investment projects [5][7]. Group 4: Compliance and Approval Process - The board of directors and the supervisory board have approved the use of raised funds for replacing pre-invested self-raised funds, confirming adherence to regulatory requirements [6][7]. - Huaxing Accounting Firm has issued a verification report affirming that the company's actions comply with relevant regulations and accurately reflect the use of self-raised funds [7][8].

Core Viewpoint - The company plans to use its own funds to pay for part of the fundraising project expenses and subsequently replace these with equivalent amounts from the raised funds, ensuring compliance with relevant regulations and maintaining project efficiency [1][6]. Fundraising Overview - The total amount raised by the company through its initial public offering (IPO) is RMB 617.35 million, with a net amount of RMB 507.62 million after deducting issuance costs [1]. - The company has completed the fundraising process as of July 25, 2025, and has established special accounts for managing the raised funds [1]. Project Investment Details - The total investment for the fundraising projects is RMB 643.47 million, with adjustments leading to a revised investment of RMB 510.62 million [1]. - The projects include the establishment of an automated manufacturing base and a research and development center [1]. Reasons for Using Own Funds - The company faces challenges in directly using raised funds for payroll and other expenses due to regulatory requirements [2]. - The need for centralized procurement and payment efficiency also necessitates the use of own funds initially [2]. - The company aims to enhance operational efficiency and reduce financial costs by using various payment methods [2]. Replacement Process - The company will establish a detailed accounting ledger for the funds used and will regularly transfer equivalent amounts from the fundraising account to its own funds account [3]. - Continuous supervision by the sponsor institution will ensure compliance with the replacement process [3]. Impact on the Company - The use of own funds for project expenses will not affect the normal implementation of the fundraising projects and will not change the intended use of the raised funds [5][6]. - The decision has been approved by both the board of directors and the supervisory board, ensuring adherence to necessary procedures [4][5].

Core Viewpoint - The company is utilizing its own funds to pay for part of the investment projects and will replace these with raised funds in an equivalent amount, ensuring compliance with relevant regulations and maintaining the efficiency of fund usage [1][6]. Fundraising Overview - The company raised a total of RMB 599,999,971.68 through a non-public issuance of 15,835,312 A shares at a price of RMB 37.89 per share, after deducting issuance costs [1][2]. - The total investment amount for the projects is RMB 686,000,000, with RMB 586,583,700 allocated from the raised funds [2]. Investment Project Details - The company has decided to terminate the "Drone Industrialization Project" and will permanently supplement the raised funds into working capital for daily operations [2][4]. Reasons for Using Own Funds - The company faced operational challenges in using raised funds directly for payroll and other expenses due to banking regulations, necessitating the use of its own funds initially [3][4]. - Payments for social security and taxes must be made through the company's main accounts, complicating the use of raised funds [3][4]. - The company also needs to manage travel expenses through a centralized platform, which is more efficient with its own funds [3][4]. Operational Process for Fund Replacement - The company will maintain detailed records of expenditures made with its own funds and will replace these with raised funds within six months [5]. - The process includes regular audits and oversight by the sponsoring institution to ensure compliance and proper fund management [5][6]. Impact on the Company - This approach is expected to enhance the efficiency of fund usage and overall operational management, ensuring the smooth progress of investment projects without altering the intended use of raised funds [5][6]. Decision-Making Process - The board of directors approved the use of own funds for project payments and the subsequent replacement with raised funds, confirming that this does not affect the intended use of the raised funds [6]. - Independent directors also reviewed and approved the process, affirming that it adheres to necessary procedures and regulations [6]. Sponsoring Institution's Review - The sponsoring institution has confirmed that the company's actions comply with relevant laws and regulations, and do not affect the normal implementation of investment projects [6].

Core Viewpoint - The company, Wuhu Berteli Automotive Safety Systems Co., Ltd., is utilizing its own funds to pay for part of the fundraising investment projects and will replace these with raised funds, ensuring compliance with regulatory requirements and maintaining the integrity of the fundraising process [1][6]. Fundraising Overview - The company has issued 28,020,000 convertible bonds with a face value of RMB 100 each, raising a total of RMB 2,802,000,000. After deducting issuance costs of RMB 12,349,094.60, the net amount raised is RMB 2,789,650,905.40 [1][2]. - All raised funds are stored in a special account approved by the board of directors to ensure proper management and protection of investor rights [2]. Investment Project Details - The total amount intended for investment in fundraising projects is capped at RMB 280,200.00 million, with adjustments made based on the actual net amount raised after deducting issuance costs [2][3]. - Specific projects include: - 60 million sets of Electronic Mechanical Brake (EMB) systems with an adjusted investment of RMB 18,821.80 million [3]. - 100 million sets of electronic control chassis brake systems with an adjusted investment of RMB 22,645.00 million [3]. - A project in Mexico for producing 7.2 million lightweight components and 2 million brake calipers, with a total investment of USD 16,500 million, calculated at an exchange rate of 1 USD = 7 RMB [3][4]. Use of Own Funds - The company plans to use its own funds to finance part of the investment project in Mexico due to the need for foreign currency transactions, which cannot be directly handled by the domestic fundraising account [4]. - The process involves borrowing from its own funds to the Mexican subsidiary, which will then use these funds for project payments, followed by a replacement with the raised funds [4][5]. Impact on the Company - The use of own funds for part of the investment does not affect the normal implementation of the investment plan and does not change the direction of the raised funds or harm shareholder interests [5][6]. Approval Process - The board of directors and the supervisory board approved the use of own funds for the investment project at meetings held on August 28, 2025 [5][6]. Sponsor's Verification Opinion - The sponsor, China International Capital Corporation, has verified that the company has followed necessary approval procedures and that the use of own funds does not impact the normal progress of the investment projects [6].

Core Viewpoint - The company is utilizing excess raised funds to replace previously invested self-raised funds for ongoing projects, ensuring compliance with regulatory requirements and maintaining the integrity of fundraising purposes [1][5][7]. Fundraising Overview - The company was approved to issue 40 million shares at a price of RMB 28.82 per share, raising a total of RMB 1,152.8 million, with a net amount of RMB 1,049.66 million after deducting issuance costs. The excess funds raised amounted to RMB 341.66 million [1][2]. Investment Project Details - The total investment for the planned projects is RMB 1,009.62 million, with adjusted investment amounts for specific projects, including the rehabilitation equipment research and exhibition center, which saw its total investment increase from RMB 146.73 million to RMB 228.73 million [2][3]. Use of Excess Funds - The company decided to use RMB 79.12 million of the excess funds for the construction of the rehabilitation medical device industrial park, specifically for the research center and related facilities. This decision was approved in the board meeting held on April 23, 2025 [3][4]. Replacement of Self-raised Funds - The company plans to replace RMB 12.91 million of self-raised funds that were previously invested in the rehabilitation medical device industrial park with the excess funds. This replacement was approved in the board meeting on August 27, 2025 [4][5]. Compliance and Verification - The supervisory board and the accounting firm confirmed that the use of excess funds complies with relevant regulations and does not affect the normal implementation of investment projects. The replacement of funds was verified by the accounting firm, ensuring adherence to regulatory standards [5][7][8].

Core Viewpoint - The company plans to use its own funds to pay for investment projects and will replace these funds with raised capital within six months, ensuring compliance with regulatory requirements and maintaining operational efficiency [1][5][7]. Summary by Sections 1. Basic Situation of Raised Funds - The company raised a total of RMB 649,999,990.52 by issuing 51,505,546 shares at a price of RMB 12.62 per share, with a net amount of RMB 643,574,544.72 after deducting issuance costs [1]. 2. Investment Projects - The raised funds will be allocated to two main projects: - Smart Emergency Command Product Upgrade and Industrialization Project - Next-Generation Smart Emergency Digital Transformation Key Technology Research Project - The total investment for these projects is adjusted to RMB 64,357.45 million [2]. 3. Reasons for Using Own Funds - The company faces challenges in directly using raised funds for certain payments, such as employee salaries, due to regulatory requirements. Therefore, it will use its own funds initially and replace them with raised funds later [3][4]. 4. Specific Process for Fund Replacement - The company will implement a structured process for using its own funds and replacing them with raised funds within six months, ensuring compliance and efficiency in fund management [4][5]. 5. Impact on Company Operations - This approach is expected to enhance fund utilization efficiency, reduce financial costs, and improve overall operational management without affecting the normal implementation of investment projects [5][6]. 6. Approval Procedures - The board of directors and the supervisory board have approved the use of own funds for project payments and the subsequent replacement with raised funds, confirming adherence to regulatory guidelines [6][7]. 7. Independent Financial Advisor Opinion - The independent financial advisor has reviewed the process and found it compliant with relevant regulations, supporting the company's approach to fund management [7][8].