Core Viewpoint - The company plans to issue shares to specific investors in 2025, which will dilute immediate returns but aims to enhance long-term competitiveness and profitability through strategic investments [1][4]. Financial Impact Analysis - Before the issuance, the total share capital is 1,316,933,520 shares, which will increase to 1,400,357,548 shares post-issuance [2]. - The estimated total funds raised from this issuance is up to 180.20 million yuan [2]. - The projected net profit for 2025, compared to 2024, is expected to remain flat, decrease by 20%, or increase by 20%, leading to varying impacts on net profit and earnings per share [3]. Necessity and Feasibility of the Issuance - The issuance is deemed necessary to enhance the company's industry position and core competitiveness, aligning with national policies and market trends [4][5]. - The investment projects are expected to create synergies with existing operations, leveraging the company's design capabilities and technological advancements [6]. Market Position and Global Expansion - The company has established a strong market presence in Europe, Southeast Asia, and the Middle East, enhancing its competitive edge through new marketing centers and brand promotion [7]. - The company has accumulated significant resources and partnerships in various sectors, including high-end residential and commercial projects, which will support its growth [10]. Measures to Mitigate Dilution of Returns - The company plans to accelerate the implementation of investment projects and improve fund management to enhance profitability and mitigate the dilution of immediate returns [11][13]. - A robust governance structure and internal controls will be established to ensure effective fund usage and operational efficiency [12]. Commitments from Key Stakeholders - The controlling shareholder and management have committed to not interfere with company operations and to ensure the fulfillment of measures to compensate for diluted returns [14][15].