Core Viewpoint - Yoyo Green Energy (优优绿能) is investing up to RMB 800 million to build an intelligent manufacturing base for new energy vehicle charging and discharging equipment, enhancing its manufacturing capabilities and supporting its long-term development strategy [1][2][3]. Investment and Project Details - The total investment for the intelligent manufacturing base project is expected to be no more than RMB 800 million, with an additional investment of up to RMB 253 million required beyond the already approved RMB 547 million for previous projects [1][2]. - The project will cover an area of approximately 20,000 square meters with a planned construction area of about 95,000 square meters, including production, research and development, and office facilities [2][3]. - The project is expected to be completed by December 31, 2029, and is part of the company's dual strategy of "manufacturing upgrade + industrial extension" [3]. Financial Performance - Yoyo Green Energy's revenue has shown significant growth, with revenues of RMB 431 million, RMB 988 million, and RMB 1.376 billion from 2021 to 2023, representing year-on-year growth rates of 105.22%, 129.44%, and 39.24% respectively [5]. - In 2024, the company achieved revenue of RMB 1.497 billion, an increase of 8.86% year-on-year, although net profit decreased by 4.60% to RMB 256 million [5][6]. Research and Development - The company has consistently increased its R&D investment, with expenditures of RMB 40.18 million, RMB 79.09 million, and RMB 109 million from 2022 to 2024, totaling RMB 228 million over three years [1][8]. - As of December 31, 2024, the R&D department has 293 employees, accounting for 50.17% of the total workforce, focusing on various innovative technologies related to power electronics and embedded software [1][8]. Market Position and Strategy - Yoyo Green Energy is recognized as a leading supplier of charging modules in China, being one of the first to launch a 30kW charging module [5]. - The company has established stable, long-term strategic partnerships with various clients, including charging pile manufacturers and new energy vehicle manufacturers, which supports its project implementation [3][4].

Summary of Key Points Core Viewpoint - The company, Shenzhen Youyou Green Energy Co., Ltd., is changing the implementation method and location of part of its fundraising projects to enhance operational efficiency and better align with its strategic goals [1][4][8]. Group 1: Overview of Fundraising Projects - The company raised a total of RMB 940.8 million through its initial public offering, with a net amount of RMB 843.79 million after deducting issuance costs [1]. - The fundraising projects include the construction of a charging module production base and a headquarters and R&D center, with a total investment of RMB 70.75 million [2][3]. Group 2: Changes in Implementation Method and Location - The original plan for the headquarters and R&D center involved purchasing office space in Shenzhen Guangming District, while the charging module production base was to be established in a rented factory in Shenzhen Baoan District [4][5]. - The company now plans to purchase land in Shenzhen Guangming District to build both the headquarters and the production base, which is expected to optimize resource allocation and improve operational efficiency [5][6]. Group 3: Impact on the Company - The changes are expected to enhance the company's ability to respond to market demands and improve overall management capabilities, aligning with long-term development goals [6]. - The adjustments do not alter the investment objectives or the use of raised funds, ensuring compliance with relevant regulations [6][8]. Group 4: Approval Process - The board of directors and the supervisory board have approved the changes, and the matter will be submitted for shareholder approval [7][8].

Core Viewpoint - The company plans to utilize excess funds raised from its initial public offering for the preliminary construction of a smart manufacturing base for electric vehicle charging and discharging equipment, which is part of its strategic initiative to enhance manufacturing capabilities and extend its industry reach [1][3][6]. Fundraising Overview - The company successfully raised a total of RMB 940.8 million from its initial public offering, with a net amount of RMB 843.79 million after deducting issuance costs [1][2]. - The funds are allocated to several projects, including a charging module production base and a headquarters and R&D center, with a total investment of RMB 70.75 million [2]. Use of Excess Funds - The company has an excess of RMB 143.79 million from the fundraising, which will be used for cash management, ensuring it does not affect the ongoing projects [2][3]. - The company plans to invest up to RMB 800 million in the smart manufacturing base project, which includes land acquisition, design, budgeting, and preliminary construction costs [3][5]. Project Impact - The smart manufacturing base aims to significantly enhance the company's core manufacturing capabilities and support its strategic goal of becoming a supplier of comprehensive direct current fast charging solutions and core charging components for electric vehicles [4][6]. - The project is expected to optimize the company's asset structure and improve operational efficiency, creating greater economic and social value [4][6]. Approval Process - The use of excess funds has been approved by both the company's board of directors and the supervisory board, ensuring compliance with relevant regulations and safeguarding shareholder interests [6][8]. - The proposal will be submitted for shareholder approval, following the necessary decision-making procedures [8][9].

Core Viewpoint - The company plans to invest in the construction of an intelligent manufacturing base for new energy vehicle charging and discharging equipment, with a total investment not exceeding RMB 800 million [1]. Group 1: Investment Projects - The company will invest in a new energy vehicle charging and discharging equipment intelligent manufacturing base project, covering an area of approximately 20,000 square meters and a building area of about 95,000 square meters, with an estimated additional investment of up to RMB 252.5244 million [1]. - The company has approved changes to the implementation methods and locations of some fundraising projects, including adjustments to the investment estimates for the "Headquarters and R&D Center Construction Project" and the "Charging Module Production Base Construction Project" [2]. - The company will use excess fundraising funds for the preliminary construction of the new energy vehicle charging and discharging equipment intelligent manufacturing base, covering expenses such as land use rights purchase and preliminary construction costs [3]. Group 2: Board Meeting and Voting - The board meeting was held with all five directors present, and all resolutions were passed unanimously with no votes against or abstentions [2][3]. - The proposals discussed in the board meeting will be submitted for approval at the shareholders' meeting [3][4].