Core Viewpoint - The company has completed the convertible bond fundraising project and plans to permanently supplement its working capital with the remaining funds of 60,787,077.87 yuan, which includes cash management income and interest [1][4][6]. Summary by Sections Fundraising Project Completion - The company held a board meeting on July 3, 2025, to approve the conclusion of the convertible bond fundraising project, which has reached its intended operational status [1][7]. - The total amount raised through the convertible bonds was 285 million yuan, with a net amount of 279.79889 million yuan after deducting issuance costs [2][4]. Fund Management and Usage - A special account was established for the management of the raised funds, and a tripartite supervision agreement was signed with relevant parties [3][5]. - As of July 3, 2025, the remaining funds in the special account amounted to 60,787,077.87 yuan, representing 21.73% of the total raised funds [4][5]. Reasons for Fund Surplus - The surplus funds resulted from careful resource allocation and cost control during the project, as well as reduced material and funding needs due to a decline in factory order volumes [5][6]. - The company also achieved cash management income from idle funds, enhancing the efficiency of fund usage [5][6]. Future Use of Surplus Funds - The company intends to use the surplus funds to permanently supplement its working capital, which will support ongoing and future business operations [6][7]. - The decision to use the surplus funds does not alter the intended use of the raised funds and complies with relevant regulations [6][7]. Approval Process - The board's audit committee reviewed and approved the proposal to conclude the fundraising project and use the surplus funds, which will be submitted for shareholder approval [6][7][8].