Fundraising Overview - The company raised a total of RMB 526.6 million by issuing 20 million shares at RMB 26.33 each, with a net amount of RMB 467.93 million after deducting issuance costs of RMB 58.67 million [1] - The funds were received on December 1, 2021, and verified by an accounting firm [1] Fund Utilization and Balance - In the first half of 2025, the company invested RMB 2.33 million of the raised funds, bringing the cumulative investment to RMB 136.94 million as of June 30, 2025 [2] - The interest and cash management from the special account generated RMB 9.04 million in the first half of 2025, with a cumulative total of RMB 35.83 million [2] - The remaining balance in the special account was RMB 16.82 million as of June 30, 2025 [2] Fund Management - The company established a fundraising management system to ensure the safety and compliance of fund usage, which has been revised in line with regulatory updates [2] - Eight special accounts were opened for fund storage, with five for planned fundraising and three for excess funds [3] Project Investment Status - The actual investment in fundraising projects during the reporting period was RMB 2.33 million, with a total of RMB 15.14 million invested to date [5] - The company has changed the implementation location of the "Innovation R&D Center Construction Project" to optimize resource use and enhance research capabilities [5][6] - The company has also decided to close its branch in Zhenjiang and establish a new branch in Nanjing to improve its service network [6] Use of Excess Funds - The total amount of excess funds is RMB 142.83 million, with RMB 12.18 million utilized so far [6][17] - The company has used part of the excess funds for permanent working capital, complying with regulatory requirements [7][17] Cash Management - The company has been authorized to use up to RMB 3.5 billion of idle funds for cash management, with the funds being recycled within a 12-month period [9][19] - As of June 30, 2025, the company opened special accounts for cash management of idle funds [11] Issues and Compliance - The company has adhered to relevant laws and regulations regarding the use and management of raised funds, with no violations reported during the period [20]