Summary of Key Points Core Viewpoint - The company is utilizing part of the raised funds to increase capital in its subsidiary, Hydrogen Technology, to implement the "Vehicle Power Supply R&D and Industrialization Project" [1][8]. Group 1: Fundraising Details - The company raised a total of RMB 186,999,999.60 through the issuance of 59,554,140 shares at a price of RMB 3.14 per share, with net proceeds amounting to RMB 174,519,167.16 after deducting issuance costs of RMB 12,480,832.44 [1][2]. - The funds have been deposited into a special account dedicated to the management of raised funds, as confirmed by the audit report from Lixin Accounting Firm [2]. Group 2: Investment Project Overview - The company has adjusted the investment amounts for its fundraising projects, with a total planned investment of RMB 23,543.19 million, of which RMB 18,700.00 million was originally intended for the project [2]. - The adjusted amount for the "Vehicle Power Supply R&D and Industrialization Project" is RMB 17,451.91 million [2]. Group 3: Capital Injection to Subsidiary - The company plans to inject RMB 30 million into Hydrogen Technology, with the total capital increase amounting to RMB 36 million, where the company contributes RMB 28.8 million [3][4]. - Following this capital injection, the shareholding structure of Hydrogen Technology will be adjusted, with the company holding 80.13% post-injection [5]. Group 4: Compliance and Approval Process - The board of directors and the supervisory board have approved the use of raised funds for the capital injection, confirming that it aligns with the company's business development needs and does not alter the intended use of the funds [6][7]. - The sponsor has verified that the use of funds complies with relevant regulations and does not harm the interests of the company or its shareholders [8].