Core Viewpoint - The report outlines the fundraising activities and usage of funds by Shenzhen Keleke Technology Co., Ltd. for the first half of 2025, detailing the amounts raised, their allocation, and management practices to ensure compliance and efficiency in fund usage [1][3][17]. Fundraising Overview - The company raised a total of RMB 489.31 million through a private placement of 42,734,227 shares at RMB 11.45 per share, with a net amount of RMB 480.06 million after deducting issuance costs [1]. - In a subsequent fundraising round, the company raised RMB 225.43 million by issuing 13,646,186 shares at RMB 16.52 per share, resulting in a net amount of RMB 216.71 million after costs [2]. Fund Usage and Balance - As of June 30, 2025, the initial balance of the raised funds was RMB 134.81 million, with additional income from bank interest and financial products leading to a total of RMB 24.06 million remaining unutilized [3][7]. - The company directly invested RMB 11.63 million into projects and allocated RMB 250 million for temporary financial products [3]. Fund Management Practices - The company has established a management system for fundraising in compliance with relevant laws and regulations, ensuring that funds are stored in dedicated accounts and used strictly for designated purposes [3][4]. - A tripartite supervision agreement has been signed with banks and sponsors to monitor the usage of the funds, allowing for regular audits and transparency [4][6]. Changes in Fund Allocation - The company decided to terminate several projects, including the "Automotive Electronics R&D Center" and "Huizhou Charging Pile Magnetic Component Intelligent Manufacturing Project," reallocating the remaining funds to new projects in Vietnam to enhance production capacity [14][15]. - The total amount of funds reallocated for new projects is RMB 17.39 million, with the company planning to use its own funds to cover any shortfalls [14][15]. Financial Products and Returns - The company has engaged in cash management by investing idle funds in low-risk financial products, with a total of RMB 150 million allocated for such investments [8][9]. - The expected annual returns from these financial products vary, with some offering rates as high as 2.25% [12].