Group 1 - The company has completed the issuance of 34 million shares, raising a total of 516,120,000.00 RMB, with a net amount of 435,653,512.23 RMB after deducting issuance costs of 80,466,487.77 RMB [1][2] - The company has established a dedicated account for the management and storage of the raised funds, in compliance with relevant regulations and guidelines [2][3] - The company has terminated the dedicated fund account related to the project at the Industrial and Commercial Bank of China, as the funds have been fully utilized, thereby reducing management costs [3]

Fundraising Overview - The company raised a total of RMB 547,666,677.62 through the issuance of 33,333,334 shares at a price of RMB 16.43 per share, with a net amount of RMB 500,816,913.05 after deducting issuance costs [1][2] - The funds were verified by an accounting firm and were deposited into a dedicated bank account [1] Fund Management - The company and its subsidiaries have opened dedicated fundraising accounts at various banks to ensure proper management and usage of the raised funds [2] - Agreements have been signed with banks to regulate the management of these funds [2][3] Account Closure - The company has closed a specific fundraising account at Industrial Bank Co., Ltd. due to adjustments in the project implementation [4] - The closure of this account has led to the termination of the corresponding four-party supervision agreement [4]

Core Points - The company has completed the cancellation of part of its fundraising special account [1][4] - The net amount raised from the public offering of shares was RMB 2,232.6262 million [1] - The company established a special account for fundraising in accordance with relevant regulations and signed a tripartite supervision agreement [2][3] Fundraising Overview - The company was approved by the China Securities Regulatory Commission to publicly issue ordinary shares, raising a net amount of RMB 2,232.6262 million [1] - The funds have been verified by Tianzhi International Accounting Firm [1] - The company has implemented a special account storage system for the raised funds to ensure proper management and usage [2][3] Fund Management - The company has developed a management method for fundraising, detailing the storage, usage, and management of the funds [2] - The company has signed tripartite supervision agreements with several banks to ensure compliance with the regulations [3] - The management of the funds is strictly in accordance with the established agreements, with no significant differences from the standard agreements provided by the Shanghai Stock Exchange [3] Account Cancellation - The company held a board meeting on June 18, 2025, to approve a share repurchase plan using excess funds and has completed the cancellation of the special account at Shanghai Pudong Development Bank [4] - The tripartite supervision agreement related to the fundraising special account has been terminated following the account cancellation [4]

Core Points - The company has completed the cancellation of certain special accounts for raised funds from its initial public offering and private placement [1][5][6] Fundraising Overview - The company raised a total of RMB 2,103,205,258.00 from its initial public offering, with a net amount of RMB 1,986,567,781.57 after deducting issuance costs [1] - The company also raised RMB 1,795,886,744.00 from a private placement, resulting in a net amount of RMB 1,773,446,130.53 after deducting issuance costs of RMB 22,440,613.47 [2] Fund Management - The company has established a management method for the use of raised funds, ensuring compliance with relevant laws and regulations, and has implemented special account management for the funds [3] Account Cancellation Details - The company has canceled several fundraising special accounts due to minimal remaining balances, transferring the remaining funds to other operational accounts [5] - The cancellation of these accounts has been completed, and the corresponding storage supervision agreements have been terminated [6]