Core Viewpoint - Hop Holdings (301024.SZ) announced the approval of a plan to use self-owned funds to pay for part of the fundraising project expenses and subsequently replace them with raised funds, ensuring the smooth progress of its projects and improving fund utilization efficiency [1][2][4]. Group 1: Fundraising and Project Investment - The net amount raised from the initial public offering (IPO) was 462 million yuan, all of which is managed in a special account [2]. - The two fundraising projects involved are the "Indoor Design Center Construction Project" and the "Enterprise Informationization Construction Project," with actual investments of 30.01 million yuan and 15.60 million yuan, respectively [2]. - As of September 30, 2025, a total of 45.62 million yuan has been invested in these projects [1]. Group 2: Compliance and Efficiency - The replacement of funds is primarily due to compliance requirements for the use of raised funds, which must be paid directly from the special account [2]. - The company aims to avoid project delays caused by payment process restrictions by using self-owned funds initially and replacing them within six months [2][3]. Group 3: Operational Procedures and Oversight - The company has established a strict process for the replacement operation, including monthly summaries of advances and maintaining a ledger [3]. - The sponsor institution will continuously supervise the replacement situation to ensure compliance with the use of raised funds [3]. Group 4: Approval and Support - The matter has been approved by the board of directors and the supervisory board, with no need for a shareholders' meeting [4]. - Independent directors confirmed that the decision-making process complies with regulations and does not harm the interests of the company or its shareholders [4].

Core Viewpoint - The company, Haon Auto Electric (301488.SZ), announced delays in the completion of its R&D center and information technology projects due to construction progress and internal investment structure adjustments [1] Group 1: Project Delays - The R&D center's expected completion date has been postponed from November 30, 2025, to March 31, 2026 [1] - The information technology project has been delayed to December 31, 2026 [1] Group 2: Financial Adjustments - The company plans to use an additional 20 million yuan of raised funds for the R&D center construction project [1] - As of August 31, 2025, the R&D center project has utilized 125.70 million yuan, which is 100.42% of the planned total investment [1] - The information technology project has utilized 13.80 million yuan, accounting for 36.68% of the planned investment [1] Group 3: Project Justifications - The delays are primarily due to the need for increased equipment purchases and personnel investments for the R&D center, along with adjustments in software purchasing expenses to enhance project efficiency [1] - The information technology project requires upgrades and integration of existing systems (MES, ERP, PLM) to meet expanding operational demands and eliminate information silos [1]

Core Points - The company, Shenzhen Haon Automotive Electronics Equipment Co., Ltd., held its 19th meeting of the third board of directors on October 21, 2025, where several important resolutions were passed, including the review of the Q3 2025 report and adjustments to fundraising projects [1][2] Group 1: Q3 2025 Report - The board approved the Q3 2025 report, which accurately reflects the company's operational status without any false statements or significant omissions [2] Group 2: Fundraising and Project Adjustments - The board agreed to allocate an additional 20 million yuan of over-raised funds to the "R&D Center Construction Project" and adjusted the internal investment structure of this project [3] - The company decided to postpone the "R&D Center Construction Project" and the "Enterprise Informationization Construction Project" based on actual development needs to enhance the efficiency of fund usage [3] Group 3: Upcoming Shareholder Meeting - A temporary shareholder meeting is scheduled for November 6, 2025, to vote on the resolutions that require shareholder approval [4] - All resolutions passed in the board meeting received unanimous support, with 6 votes in favor and no abstentions or oppositions [4]