Core Viewpoint - The company has decided to terminate the plan for a simplified procedure to issue shares to specific targets for the year 2025, citing various factors including current circumstances and future development plans [1] Group 1: Termination of Share Issuance - The company held a board meeting on September 24, 2025, where it approved the termination of the simplified share issuance plan [1] - The decision to terminate was made after thorough communication and analysis with relevant parties [1] - The company will continue to advance related projects and maintain stable, high-quality development despite the termination [1] Group 2: Financial Aspects of Previous Issuance Plan - The initial plan aimed to raise a total of no more than 30 million yuan (approximately 4.5 million USD), which would be used for various projects including RFID electronic tag production line construction and working capital [2] Group 3: Regulatory Issues - On September 19, 2025, the company disclosed that its controlling shareholder received a warning letter from the Shenzhen Securities Regulatory Bureau for failing to halt trading when their shareholding crossed a 5% threshold [3] - The warning is directed at the controlling shareholder and is not expected to impact the company's normal operations [3] - The company will encourage the controlling shareholder to enhance compliance awareness and fulfill disclosure obligations [3] Group 4: Shareholding Structure - As of the half-year report, the actual controller of the company, Xu Yusuo, and his associate, Chen Guangzhu, hold a combined total of 145,329,241 shares, representing a 19.65% ownership stake [4]

Core Viewpoint - The company, Yuanwanggu (002161.SZ), has announced a financing plan to raise up to 300 million yuan through a simplified process aimed at upgrading its main business and expanding production capacity, reflecting the urgent need for strategic positioning in a rapidly improving industry environment [2]. Group 1: Financing Details - The financing will be directed towards four main projects: construction of RFID electronic tag production lines, establishment of the Xi'an Innovation Industrial Center, upgrading of RFID electronic tag chip processes, and replenishing working capital [2]. - This marks the first time since its listing in 2007 that the company has utilized a "fast track" refinancing approach [2]. Group 2: Project Breakdown - The RFID electronic tag production line in Kunshan aims to expand capacity to 2 billion tags, targeting major international brands like ZARA and Walmart, with a projected 15% reduction in unit costs upon reaching full production by 2026 [2]. - The Xi'an Innovation Center will focus on mass production of high-margin devices such as smart cabinets and readers, while collaborating with Xi'an University of Electronic Science and Technology to address data security issues in libraries and retail environments [2]. - The chip process upgrade aims to develop specialized chips that can withstand extreme temperatures and provide encrypted storage, addressing a significant supply gap as the country is projected to import 28.3 billion chips in 2024 [2]. Group 3: Financial Health and Strategic Alignment - The company aims to reduce its asset-liability ratio by 43% through this fundraising, which will provide financial flexibility for potential price competition [3]. - The investment projects align with national industrial policies and the company's strategic development direction, promising good market prospects and economic benefits [3]. - Upon completion, these projects are expected to enhance the company's asset quality and profitability, strengthen its core competitiveness and risk resistance, and promote sustainable and healthy development for the company and its shareholders [3].