Core Viewpoint - The company is continuing the implementation of its fundraising project "Interactive Holographic Smart Earth Industry Digital Transformation Project" after re-evaluating its feasibility and necessity, despite a delay in the project's timeline due to market and technological changes [1][4][9]. Fundraising Overview - The company issued 10.088 million convertible bonds at a face value of 100 RMB each, raising a total of 1,008.80 million RMB, with a net amount of 1,007.06 million RMB after deducting issuance costs [1][2]. Fundraising Investment Project Details - The planned use of the raised funds includes: - Interactive Holographic Smart Earth Industry Digital Transformation Project: 121,851.02 million RMB total investment - Supplementing working capital: 30,400.00 million RMB - Total investment: 152,251.02 million RMB [3]. Project Re-evaluation - The project has seen a 33.08% progress rate, which is slower than planned due to evolving market demands, particularly in low-altitude economic applications [3][4]. - The project aims to enhance the company's position in the industry by integrating aerial and satellite remote sensing technologies [5][6]. Market and Policy Context - The project aligns with national policies promoting low-altitude economic development, with significant government support and a projected market growth from 5,059.5 billion RMB in 2023 to potentially 15,000 billion RMB by 2025 [6][7]. Company Capabilities - The company has extensive experience in remote sensing and satellite application services, with established production capabilities for drones and a professional team across various departments [7][8]. Financial Management and Impact - The company has set up dedicated accounts for managing the raised funds, ensuring the project's financial viability and alignment with its strategic goals [8][9]. - The continuation of the project is expected to strengthen the company's core competitiveness without adversely affecting its normal operations [9].

Group 1 - The core viewpoint of the announcement is that the company has decided to continue the implementation of the "Interactive Holographic Smart Earth Industry Digital Transformation Project" after re-evaluating the project based on actual conditions and strategic factors, which will support the continuous construction of the company's core competitiveness [1][2] - The decision to continue the project does not change the total investment amount or the implementing entity, and it will not have a significant adverse impact on the company's normal operations [1] - The resolution made during the supervisory board meeting was legal and effective, with all three supervisors participating in the vote, resulting in unanimous approval [1][2] Group 2 - The meeting of the supervisory board was held on May 30, 2025, in a combined format of on-site and remote voting, complying with relevant regulations [1] - The announcement regarding the re-evaluation and continuation of the project will be disclosed on the Shanghai Stock Exchange website [2]