Core Viewpoint - The company has made adjustments to the use of raised funds and postponed certain investment projects, aiming to optimize resource allocation and improve operational efficiency [2][11]. Fundraising Basic Situation - The company was approved to publicly issue 24,000,000 shares at a price of 31.20 RMB per share, raising a net amount of 746.91 million RMB [2][3]. - The funds raised are intended for various investment projects, with a total planned investment of 746.91 million RMB [3][4]. Investment Project Overview - The main project involves the design and manufacturing of IoT wireless modules and smart home products, with a total investment of 71.77 million RMB [6][7]. - As of July 31, 2025, the company has invested 68.78 million RMB in the projects, with a remaining balance of 6.01 million RMB yet to be utilized [4][6]. Changes in Fund Usage - The company has adjusted the internal investment structure of the IoT project due to market changes, reallocating funds from hardware and software equipment purchases to a new sub-project for product procurement [7][8]. - The adjustments include a significant reduction in planned investments for equipment and site preparation, while increasing funds for product procurement to enhance the application of IoT wireless modules [7][9]. Project Delay Situation - The expected date for the project to reach a usable state has been postponed to October 2025 to ensure effective use of the raised funds [8][10]. Feasibility Analysis - The global WiFi module market is projected to grow from approximately 5.52 billion USD in 2024 to 9.38 billion USD by 2031, with a CAGR of 8.0% from 2025 to 2031 [9][10]. - The company aims to leverage this growth by focusing on differentiated technology and expanding its product range in the IoT sector [9][10]. Impact of Changes - The adjustments in fund usage are expected to enhance the company's resource allocation and operational efficiency, ensuring that the changes do not adversely affect normal operations or shareholder interests [10][11]. Approval Procedures - The board of directors and the supervisory board have approved the changes in fund usage and project delays, confirming that these decisions align with the company's development strategy and do not harm shareholder interests [11][12].