Core Viewpoint - The company, Beijing Huafeng Measurement and Control Technology Co., Ltd., is focused on raising funds through the issuance of convertible bonds to enhance its capabilities in the semiconductor automated testing system sector, aligning with national policies on technological innovation and self-sufficiency in the semiconductor industry [1][11][14]. Group 1: Company's Main Business - The company specializes in the research, development, production, and sales of semiconductor automated testing systems, which are essential for testing various integrated circuits [1][11]. - The products are utilized in testing analog, mixed-signal, discrete devices, and power modules, with a sales reach that includes major semiconductor markets globally [1][11]. Group 2: Fundraising Plan - The total amount to be raised through the issuance of convertible bonds is capped at 758.88 million RMB, with 749.48 million RMB earmarked for specific projects [2][3]. - The company plans to use self-raised funds for project implementation before the bond proceeds are available, ensuring continuity in development [3]. Group 3: Project Necessity and Feasibility - The project aims to enhance the company's core ASIC definition and architecture design capabilities, facilitating the localization of high-end SoC testing systems and reducing reliance on external chip suppliers [3][5][14]. - The semiconductor industry is recognized as a strategic sector for national economic development, with increasing domestic demand and supportive government policies aimed at fostering innovation and competitiveness [4][9]. Group 4: Technological Advantages - The development of self-researched ASIC chips is crucial for meeting the demands of high-end testing systems, offering advantages such as high integration, precision, efficiency, and reliability [6][7][8]. - The project aligns with national strategies to enhance the domestic semiconductor supply chain and ensure the security and stability of the industry [7][8]. Group 5: Alignment with National Policies - The fundraising initiative is consistent with national industrial policies that promote technological innovation and the development of strategic emerging industries, particularly in the semiconductor sector [12][14]. - The company’s focus on self-reliance in semiconductor testing systems is a response to the urgent need for domestic capabilities in the context of global supply chain challenges [7][9].