Group 1 - The company ST Sike Rui (688053.SH) announced that it has raised excess funds of 634.94 million yuan from its initial public offering, with plans to use 411.85 million yuan for capital increase in its subsidiary Hainan Guoxing Feice Technology Co., Ltd. [1] - The board meetings held on November 24, 2025, approved the proposal to use the excess funds for investment in the construction of the Sike Rui Testing and Reliability Wenchang Engineering Center project [1][2] Group 2 - The project is a key component of the Wenchang Aerospace City "1+1+8" satellite industry cluster, leveraging strategic and policy advantages of the Wenchang International Aerospace City [2] - The center will include a reliability technology center, various testing laboratories, and a software reliability evaluation center, aimed at meeting local and integrated testing needs for satellite and related products [2] - Upon completion, the project is expected to provide services including industrial-grade component testing, satellite environmental reliability testing, and big data analysis platform services, with an annual capacity of 1,500 sets for core satellite unit testing [2]

Core Points - ST Sicorui (688053.SH) announced an oversubscription amount of 634.94 million yuan for its initial public offering [1] - The company plans to use 411.85 million yuan of the oversubscription funds to increase the registered capital of its subsidiary, Hainan Guoxing Feice Technology Co., Ltd., for new project investments [1] Group 1 - The project is a key component of the Wenchang Aerospace City "1+1+8" satellite industry cluster, leveraging strategic and policy advantages [2] - The project will establish a reliability technology center and various testing laboratories to meet local and integrated quality testing needs for rockets and satellites [2] - Upon completion, the project is expected to provide services including industrial-grade component testing and satellite environmental reliability testing, with an annual capacity of 1,500 sets for core satellite unit testing services [2]

Core Viewpoint - ST Sike Rui (688053.SH) is making significant progress on its Hainan project, having established a subsidiary and obtained a business license as of September 2023 [1] Group 1: Project Progress - The company has signed the "Confirmation of Transaction for the Transfer of State-owned Construction Land Use Rights" with the Wenchang Natural Resources and Planning Bureau [1] - A testing center is expected to achieve preliminary testing capabilities by the end of 2026, aligning with the demand from downstream clients such as satellite super factories and rocket industrial parks [1] Group 2: Client Engagement - The company has reached preliminary cooperation intentions with multiple clients in the aerospace industry chain, with specific orders expected to materialize as production capacity is released [1] Group 3: Regulatory Compliance - The company plans to seize new opportunities arising from the Hainan Free Trade Port's closure and will adhere strictly to relevant laws and regulations for information disclosure, ensuring that all investors receive timely updates on the company's developments and decisions [1]