Fundraising Overview - The company raised a total of RMB 532,999,993.80 through a non-public offering of 40,298,507 shares at RMB 13.40 per share, with the funds received on July 20, 2023 [1] - After deducting various fees, the net amount raised was RMB 531,223,484.37 [1] Fund Utilization and Balance - The net amount of raised funds was RMB 53,122.35 million, with RMB 23,171.70 million allocated to projects and RMB 16,113.85 million for permanent working capital [2] - As of the end of the reporting period, the actual balance of remaining funds was RMB 371.92 million, with no discrepancies noted [2] Fund Management - The company established a dedicated fund management system, including opening special bank accounts and signing tripartite supervision agreements with banks and underwriters to ensure proper fund usage [2] - The company has terminated the tripartite supervision agreements for accounts that have been closed, including those with China Everbright Bank and CITIC Bank [3][5] Project Adjustments - The company approved the change of a project from "Annual production of 22 million precision bearing rollers for wind turbines" to "Research and industrialization of core components for drive-by-wire systems" due to market conditions [4][8] - The company has also completed the closure of the project related to the "Annual production of 8.7 million automotive thermal management system components" and allocated the remaining funds for permanent working capital [5][8] Fund Storage Status - As of June 30, 2025, the company had one active fundraising account with a balance of RMB 3,719,158.06 at the Agricultural Bank of China [6] - All previously opened fundraising accounts have been closed, with no remaining balances [6] Project Performance and Adjustments - The company reported that the fundraising projects did not encounter any significant issues, and the funds were utilized as planned [6] - The company has not experienced any abnormal situations regarding the investment projects funded by the raised capital [6]

Core Viewpoint - The company has released its 2025 semi-annual report, which reflects its operational performance and financial status, and outlines future development plans [1][5][24]. Group 1: Company Overview - The company is identified as Si Rui Pu Microelectronics Technology (Suzhou) Co., Ltd., with stock code 688536 and bond code 118500 [15][30]. - The company has confirmed that the semi-annual report and its summary are prepared in compliance with relevant laws and regulations, ensuring the authenticity and completeness of the information [5][33]. Group 2: Financial Data - The company reported a total fundraising amount of RMB 383.38 million from issuing convertible bonds and cash payments for acquiring 100% equity of Shenzhen Chuangxin Microelectronics Co., Ltd. [16]. - The actual amount received after deducting underwriting fees was RMB 361.87 million, which has been verified by an accounting firm [16][17]. Group 3: Board and Supervisory Committee Meetings - The fourth board meeting was held on August 25, 2025, with all nine directors present, and the meeting was conducted in accordance with legal requirements [4][6]. - The supervisory committee also convened on the same day, with all three members present, and confirmed the legality and validity of the meeting [32][34]. Group 4: Resolutions Passed - The board approved the semi-annual report and its summary, confirming that the content accurately reflects the company's operational and financial status [5][33]. - The board also approved the special report on the storage and actual use of raised funds, ensuring compliance with regulatory requirements [8][35]. - The board agreed to adjust the internal investment structure of certain fundraising projects to optimize the use of funds [11][42]. - The board approved the use of raised funds to replace self-raised funds that were used for cash payments in transactions [13][40]. Group 5: Investor Communication - The company plans to hold a semi-annual performance briefing on September 11, 2025, to address investor inquiries and provide insights into its financial performance [22][24]. - Investors can submit questions in advance through the designated channels before the briefing [27].

Core Points - The company, Jiangsu Huahong Technology Co., Ltd., has released its semi-annual report for 2025, which includes important financial and operational information [1][9][14] - The company will not distribute cash dividends, issue bonus shares, or convert reserves into share capital during this reporting period [2] - The company has confirmed that there have been no changes in its controlling shareholder or actual controller during the reporting period [4][5] Financial Data - The company raised a total of 515 million yuan from the issuance of convertible bonds, with a net amount of approximately 504 million yuan after deducting various fees [19] - As of June 30, 2025, the company has utilized approximately 488.83 million yuan of the raised funds, leaving a balance of about 4.89 million yuan [20] - The company has established a dedicated account for managing the raised funds, in compliance with relevant laws and regulations [21] Meeting Resolutions - The board of directors approved the semi-annual report and its summary with unanimous consent [9][10] - The supervisory board also approved the semi-annual report and confirmed that the report accurately reflects the company's actual situation without any misleading statements [14][16]

Fundraising Overview - The company raised a total of RMB 674,627,088.84 through the issuance of 59,281,818 shares at a price of RMB 11.38 per share, with net proceeds amounting to RMB 670,204,385.22 after deducting underwriting fees and other expenses [1][2] - The funds were received on September 27, 2023, and verified by an accounting firm [1] Fund Usage and Balance - As of June 30, 2025, the company has utilized RMB 543,095,579.78 of the raised funds, leaving a balance of RMB 128,104,683.89 in the special account [2][3] - The difference of RMB 995,878.45 between the utilized amount and the net proceeds is attributed to interest income minus bank fees [2] Fund Management - The company has established a dedicated management system for the raised funds, adhering to relevant regulations and guidelines [2][3] - A special bank account has been opened solely for the storage and use of the raised funds, with a tripartite supervision agreement signed with banks and the sponsor [3] Project Investment Status - No changes have occurred in the investment projects funded by the raised capital during the reporting period [5] - The company has reported that the investment projects are progressing as planned, with specific projects such as the tantalum-niobium metallurgy product line and the niobium superconducting cavity production line undergoing technical upgrades [7][8] Financial Performance of Projects - As of June 30, 2025, the investment progress for the niobium superconducting cavity production line is at 65.01%, with reasons for delays including pre-investment using self-raised funds and cost management strategies [7][8] - The company has not encountered any significant changes in project feasibility or major issues regarding the use and disclosure of raised funds [8]

Summary of Key Points Core Viewpoint The report outlines the fundraising activities and the management of funds by Suzhou Changguang Huaxin Optoelectronic Technology Co., Ltd., detailing the total amount raised, the actual funds available after expenses, and the allocation of these funds for various projects and investments. Fundraising Overview - The company raised a total of RMB 2,739,120,000 through the issuance of 33,900,000 shares at RMB 80.80 per share, with a net amount of RMB 2,543,184,230 after deducting underwriting fees [1][2] - The funds were verified by Tianheng Accounting Firm, ensuring the accuracy of the reported amounts [2] Fund Usage and Current Balance - The total amount used from the raised funds includes RMB 844,000 for project investments and RMB 165,000,000 for working capital, with a total expenditure of RMB 982,400,759.88 [3] - The company has a remaining balance of RMB 1,016,000.39 in its fundraising accounts as of June 30, 2025 [5][11] Fund Management Practices - The company implements a dedicated account storage system for the raised funds, ensuring compliance with regulatory requirements and protecting investor interests [4][12] - A tripartite supervision agreement is in place with the underwriter and the bank to manage the funds effectively [4] Investment in Financial Products - The company has invested RMB 608,000,000 in financial products, generating a total income of RMB 22,346,334.24 from these investments [3][10] - As of June 30, 2025, there are still RMB 195,000,000 in financial products that have not matured [10] Use of Excess Funds - The company has utilized excess funds to permanently supplement working capital, with approvals from the board and independent directors [10][12] - No excess funds have been used for high-risk investments or to repay bank loans during the reporting period [10][12] Project Completion and Fund Allocation - The company has completed several projects, allowing for the reallocation of surplus funds to enhance operational efficiency [11][12] - The remaining surplus funds will be used for daily operational activities after the cancellation of the fundraising accounts [11][12]

Core Viewpoint - The company, Zhejiang Titan Co., Ltd., has disclosed its 2025 semi-annual report, highlighting its financial performance, fundraising activities, and future development plans [1][6]. Group 1: Company Overview - Zhejiang Titan Co., Ltd. is engaged in the manufacturing of textile machinery and has not experienced any changes in its controlling shareholder or actual controller during the reporting period [5][6]. - The company has issued a total of 54 million shares at an issuance price of 5.72 RMB per share, raising a total of 308.88 million RMB, with a net amount of 252.77 million RMB after deducting issuance costs [15][16]. Group 2: Financial Data and Fundraising - As of June 30, 2025, the company has utilized its raised funds for various projects, including the "Intelligent Textile Machinery Equipment Manufacturing Base Construction Project," which has seen an investment adjustment from 354.77 million RMB to 194.61 million RMB [24][25]. - The company has permanently supplemented its working capital with surplus funds amounting to 173.96 million RMB from the aforementioned project [20][21]. Group 3: Fund Management and Usage - The company has established a management system for its raised funds, ensuring compliance with regulatory requirements and protecting investors' rights [17][18]. - As of June 30, 2025, the company has not used any idle funds for temporary working capital or cash management, maintaining a balance of 0.00 RMB in financial products [19][20]. Group 4: Board Meeting and Resolutions - The company's board of directors convened on August 21, 2025, to review and approve the semi-annual report and the special report on the use of raised funds, with all members present [8][9]. - The board's resolutions included the approval of the semi-annual report and the special report on the use of raised funds, both receiving unanimous support [10][11].

Summary of Key Points Core Viewpoint The report outlines the fundraising activities and the actual usage of funds by Shandong Xinchao Energy Co., Ltd. as of December 31, 2024, highlighting the total amount raised, the allocation of funds, and the management practices in place to ensure compliance with regulatory requirements. Group 1: Fundraising Overview - The company raised a total of RMB 2,099,999,974.86 through a non-public offering of 206,084,394 shares at RMB 10.19 per share, with a net amount of RMB 2,044,204,730.26 after deducting issuance costs [1][2] - As of December 31, 2024, the total amount used from the raised funds was RMB 1,553,953,785.42, with specific allocations for intermediary fees and operational funds for oilfield assets [2][3] Group 2: Fund Management Practices - The company has established a management system for fundraising that includes special account storage and strict approval procedures to ensure funds are used for their intended purposes [3][4] - Independent directors have the authority to inspect the usage of funds and can hire accounting firms for special audits [3] Group 3: Fund Usage Details - The company has utilized RMB 60 million for intermediary fees in 2016 and has allocated funds for operational costs related to Howard and Borden oilfield assets in subsequent years [2][5] - As of the end of 2024, the remaining balance of unused funds was RMB 655,775,150.75, with RMB 5,775,150.75 in special accounts [10][11] Group 4: Changes in Fund Usage - The company has made adjustments to the intended use of funds, reallocating amounts to enhance efficiency and returns, particularly for the Howard and Borden oilfield assets [7][8] - The company has also temporarily supplemented working capital with raised funds, which has not yet been fully returned to the designated accounts [8][9] Group 5: Audit and Compliance - The report has been audited by Lixin Accounting Firm, which confirmed that the fundraising and usage report complies with relevant regulations [6][9] - The independent financial advisor, Caitong Securities, noted that the company failed to return temporarily supplemented funds as required, and will continue to monitor the situation [9]

Core Viewpoint - The company has decided to terminate certain fundraising projects and use the remaining funds to permanently supplement its working capital, which is deemed necessary for its operational needs and aligns with its development strategy [1][2]. Group 1: Meeting Details - The third meeting of the fifth Supervisory Board was held on June 10, 2025, with all three supervisors participating in the voting [1]. - The meeting was conducted in accordance with the Company Law of the People's Republic of China and the company's articles of association [1]. Group 2: Proposal Review - The proposal to terminate part of the fundraising projects and allocate the remaining funds for working capital was approved unanimously with 3 votes in favor [2]. - The proposal will be submitted for review at the company's first extraordinary general meeting of shareholders in 2025 [1][2]. Group 3: Compliance and Regulations - The decision to adjust the use of funds complies with relevant regulations, including the regulatory requirements for the management and use of raised funds and the Shenzhen Stock Exchange's listing rules [1].

Meeting Overview - The first session of the Supervisory Board of Jiangsu Hanbang Technology Co., Ltd. was held on June 10, 2025, with all three supervisors present, complying with relevant laws and regulations [1]. Fund Utilization Adjustments - The Supervisory Board approved an adjustment to the proposed investment amount for fundraising projects, citing that the net amount raised was lower than originally planned. This decision aims to ensure the smooth implementation of projects and efficient use of funds, with no adverse effects on shareholder interests [1]. - The adjustment process adhered to necessary review procedures and complied with regulatory requirements [1]. Cash Management Proposal - The Supervisory Board approved the use of temporarily idle raised funds for cash management, which is expected to enhance the efficiency of fund utilization and increase returns for the company and its shareholders, without altering the intended use of the funds [2]. - This decision also followed the relevant regulatory guidelines [2]. Capital Increase for Subsidiary - The Supervisory Board approved a proposal to increase capital for a wholly-owned subsidiary using raised funds, which meets the funding needs of the investment projects and supports their smooth implementation [3]. - The capital increase aligns with the intended use of raised funds and the company's business needs, ensuring no negative impact on shareholder interests [3].

Core Points - The report provides an independent assurance conclusion on the use of previously raised funds by Ningbo Xingyuan Zhuomei Technology Co., Ltd. as of March 31, 2025, confirming compliance with regulatory guidelines [1][2][5] - The total amount raised from the initial public offering (IPO) was RMB 688 million, with a net amount of RMB 596.32 million after deducting related issuance costs, which was received in December 2022 [3][4] - The company has established a dedicated account for the raised funds and has implemented a management system to ensure the funds are used in a regulated, safe, efficient, and transparent manner [3][4] Fund Management - As of March 31, 2025, the balance of the raised funds was RMB 106.44 million, which includes RMB 39 million in cash management products and RMB 67.44 million in the dedicated account [4][7] - The company has utilized RMB 21.55 million of the raised funds in 2022 and has generated RMB 8.4 million in financial returns from the management of these funds [4][5] - The company has not made any changes to the actual investment projects funded by the raised capital as of the reporting date [4][5] Investment Projects - The company has committed to investing in projects such as high-strength magnesium alloy precision casting and has not reported any discrepancies between the actual investment amounts and the promised amounts [4][5] - The total actual investment in the projects funded by the raised capital was RMB 49.92 million, with no significant differences reported [4][5] - The company has also approved the use of excess raised funds for new projects, ensuring that the investment plans remain unaffected [5][6]