Core Points - The company has completed the fundraising project for digital system upgrades and production line intelligent transformation, with all raised funds fully utilized [1][5][6] - The total amount raised from the non-public offering was 1,485 million RMB, with a net amount of 1,461.32 million RMB after deducting related expenses [1][2] - The project has enhanced the company's digital management and intelligent manufacturing efficiency, meeting the conditions for project completion [5][6] Fundraising Management - The company established a fundraising management method to ensure the proper management and usage of raised funds, adhering to relevant laws and regulations [2] - A tripartite supervision agreement was signed with the underwriter and banks to ensure the proper storage and usage of the raised funds [3] Project Timeline and Adjustments - The project was initially scheduled to be completed by the end of December 2023 but has been extended to June 30, 2026, with additional implementation locations added [4][5] - The company has decided to terminate part of the fundraising projects and permanently supplement the remaining funds into working capital [5] Fund Usage and Account Closure - The project has been completed, and the special account for the raised funds has a balance of 0 RMB, leading to the closure of the account for better management [7]