Summary of Key Points Core Viewpoint - The company has made adjustments to the implementation subjects and locations for certain projects funded by convertible bonds, ensuring that the investment direction and total amount remain unchanged while enhancing the efficiency of fund utilization [1][5][8]. Group 1: Fundraising and Project Overview - The company issued 3.84 million convertible bonds at a face value of RMB 100 each, raising a total of RMB 384 million, with actual funds received amounting to RMB 379.65 million after deducting fees [1]. - The funds are managed in a dedicated account to ensure compliance with regulations and protect investor interests [2]. Group 2: Fund Utilization Status - As of June 30, 2025, the company has made significant investments in various projects, including the completion of the "Chongqing Yanpu Automotive Parts Co., Ltd. New Energy Vehicle Seat Frame and Battery Pack Shell Production Line Project" [3][4]. - The project "Jingmen Yanpu Automotive Parts Co., Ltd. Great Wall Motor Seat Frame Project" has also reached a usable state [4]. Group 3: Adjustments to Implementation Subjects and Locations - The company has added a new implementation subject, Jin Hua Yanpu Automotive Parts Co., Ltd., and a new location in Jinhua City for the "Great Wall Motor Seat Frame Project" while maintaining the original investment direction and total amount [5][6]. - The adjustments were made based on current project conditions, customer needs, and market development [5][6]. Group 4: Approval and Oversight Procedures - The adjustments were approved by the company's audit committee and board of directors, confirming that they do not alter the investment direction or harm shareholder interests [7][8]. - The company will establish a dedicated account for the raised funds and sign a regulatory agreement with the sponsoring institution and the bank [6][8].