Summary of Key Points Core Viewpoint - The company has adjusted the investment amount for its fundraising projects to ensure efficient use of raised funds while adhering to its operational strategy and legal requirements [1][2][4]. Group 1: Fundraising Overview - The company has received approval from the China Securities Regulatory Commission to issue 46,082,949 shares at a total price of RMB 14,505,062.15, resulting in a net fundraising amount [1]. - The funds raised have been verified by Tianjian Accounting Firm, confirming that all funds are in place [1]. Group 2: Adjustment of Investment Amount - The actual net fundraising amount is slightly lower than the amount initially planned for investment in the projects due to issuance costs [2]. - The investment amount for the "Wanshili Artificial Intelligence Factory Project" has been adjusted from RMB 71,261.51 million to RMB 60,000.00 million, with a remaining balance of RMB 58,549.49 million to be covered through bank loans or self-raised funds [2]. Group 3: Impact of Adjustments - The adjustments made are based on the company's current operational strategy and financial needs, ensuring that there is no change in the intended use of the funds or harm to shareholder interests [2]. - The company commits to strict compliance with relevant laws and regulations regarding the use of raised funds, enhancing management and oversight of the projects [2]. Group 4: Review Procedures - The adjustments were approved by both the Board of Directors and the Supervisory Board during meetings held on July 26, 2025 [3]. - The sponsor has confirmed that the adjustments followed necessary procedures and comply with relevant regulations, with no adverse effects on shareholder interests [4].

Core Viewpoint - The report provides a verification of Hangzhou Wanshili Silk Culture Co., Ltd.'s pre-investment of self-raised funds into fundraising projects and payment of issuance costs, confirming compliance with regulatory requirements [1][2]. Group 1: Verification Report - The verification report is intended solely for the purpose of replacing self-raised funds with raised funds for investment projects and issuance costs [1]. - The management of Wanshili is responsible for providing accurate and complete information in accordance with regulatory rules [1][2]. - The independent verification concluded that the management's report accurately reflects the actual situation regarding the pre-investment of self-raised funds [2]. Group 2: Fundraising Overview - The company raised a total of RMB 592,699,995.98 after deducting underwriting and advisory fees of RMB 7,300,000.00, with a net amount of RMB 585,494,933.83 after additional external costs [4]. - The funds were verified by Tianjian Accounting Firm, which issued a verification report [4]. Group 3: Investment Projects - The fundraising projects and usage plans disclosed in the company's prospectus include specific investment amounts and project names, with a total investment amount of RMB 71,261,510.00 for the Wanshili Artificial Intelligence Factory project [4]. - As of July 17, 2025, the actual investment amount from self-raised funds was RMB 269,942,474.36, representing a significant portion of the total investment [4]. Group 4: Issuance Costs - The total amount paid from self-raised funds for issuance costs was RMB 3,282,075.48, with detailed breakdowns of various fees including underwriting, auditing, and legal fees [4].