Fundraising Overview - The company has successfully issued convertible bonds with a total amount of RMB 800 million, with a net fundraising amount of RMB 790,500,216.96 after deducting issuance costs [1] - The funds raised are designated for the "Qizheng Tibetan Medicine Pharmaceutical Industrial Base Construction Project" [1] Fund Management and Usage - The company has established a special account for the management and usage of the raised funds, in compliance with relevant regulations and internal management methods [1] - A tripartite supervision agreement has been signed with the bank and the sponsor to clarify the rights and obligations of all parties involved [1] Project Status - The "Qizheng Tibetan Medicine Pharmaceutical Industrial Base Construction Project" has reached a state of readiness for use and has been completed [4] - The company retains the special account for the project to manage any remaining payments, with any excess costs covered by self-raised funds [4] Account Closure - The special account for the raised funds has been closed following the completion of the project, and the corresponding supervision agreement has also been terminated [4]

Core Viewpoint - The 27th China Beijing International Science and Technology Industry Expo (Beijing Sci-Tech Expo) opened on May 8, showcasing Lhasa's independent exhibition hall for the first time, featuring 30 selected enterprises and 130 representative exhibits to demonstrate the latest achievements in technological innovation and new productivity development in collaboration with Beijing [1][3]. Group 1: High-Altitude Characteristic Industry Upgrades - Jin Hada Pharmaceutical has developed various Tibetan health foods and cosmetics based on unique Tibetan medicine [3]. - Lhasa Gengsang Trading showcased Tibetan incense products made from rare natural materials using traditional hand-ground techniques [3]. - Shengxin Industry and Trade introduced yak wool scarves featuring advanced processing technology with Thangka patterns [3]. Group 2: Digital Economy Empowerment - Wangzhi Tianyuan exhibited products such as the Wukong robot and smart devices supporting Han-Tibetan translation [3]. - Chawa Cloud Technology presented the Huiyan integrated machine for Han-Tibetan translation and a locally deployed secure translation system [3]. - Yizhou Technology showcased an AI-enabled intelligent patrol system for urban safety, management, environmental governance, and ecological protection in high-altitude areas [3]. - Tibet Telecom launched a bilingual integrated smart platform for grassroots governance [3]. Group 3: Innovative Achievements Improving Livelihoods - Chongyangbao Technology displayed oxygen enrichment products with proprietary technology, achieving oxygen content over 23% [4]. - Shangchu presented a series of kitchenware suitable for high-altitude environments [4]. - Other products included barley-based goods, beer, and high-quality mineral water produced using advanced technology [4]. Group 4: Green Technology for Ecological Protection - Huizhen New Materials showcased efficient and environmentally friendly new cementing materials for mining, demonstrating excellent mechanical properties and stability [4]. - CRRC presented wind power models tailored for high-altitude green energy needs [4]. - Angbiter Energy displayed black ceramic solar collectors with high efficiency and stability for high-altitude use [4]. Group 5: Cultural and Technological Integration - Changhong Industry and Yushang Hemei exhibited a series of cultural and creative products reflecting the ancient charm of Tibetan culture, showcasing the integration of traditional culture and modern technology [4]. Group 6: Strategic Development Goals - The Lhasa exhibition aims to accelerate the construction of a high-altitude characteristic technology innovation ecosystem, promoting deep integration of technology with industry, ecology, and culture for high-quality development [6]. - The event serves as a platform for Lhasa to enhance technology-driven industrial development, facilitating connections between local tech enterprises and domestic and international market resources [6]. - The collaboration between Beijing and Lhasa is expected to deepen high-tech industry exchanges and cooperation, injecting more wisdom and strength from Beijing into Lhasa's high-quality development [6].

Core Viewpoint - The company, Qizheng Tibetan Medicine, has released its 2024 ESG report, highlighting its sustainable strategies and practices in patient care, technological innovation, employee development, cultural heritage, and resource protection, marking the 16th consecutive year of such disclosures [1]. Group 1: Sustainable Supply Chain - Qizheng Tibetan Medicine has established a green sustainable supply chain to ensure the quality and stability of medicinal materials, including the creation of a Tibetan medicinal material database and conducting annual resource surveys [2]. - The company has expanded its base of quality medicinal material production, adding 9 new wild nurturing bases (covering over 80,000 acres) and 9 cooperative bases (covering 1,100 acres) in 2024, with over 50% base rate for 38 products by the end of the reporting period [2]. - Long-term procurement agreements have been signed with local farmers, processing companies, and agricultural cooperatives to create a mutually beneficial supply chain collaboration mechanism [2]. Group 2: Ecological Protection - The company actively conducts research on planting techniques and alternatives for medicinal materials, establishing wild nurturing bases in high-altitude, cold regions, and promoting sustainable harvesting practices [2]. - By the end of 2024, the company has conducted research on 58 varieties of planting techniques, with a total area of various bases focused on wild nurturing reaching 502,450 acres [2]. Group 3: Biodiversity Protection - Biodiversity protection is a key focus area for Qizheng Tibetan Medicine, which is a member of the Business and Biodiversity Coalition and the first Chinese enterprise to respond to the UN Sustainable Development Goal on terrestrial biodiversity [3]. - The company's case on "sustainable development and utilization of Tibetan medicinal resources" has been included in the "Chinese Practices Contributing to Biodiversity" report and was presented at the COP15 event [3].