Summary of Key Points Core Viewpoint The company plans to utilize temporarily idle raised funds for cash management to enhance fund efficiency and increase returns for shareholders while ensuring that the normal implementation of investment projects is not affected [1][3][5]. Group 1: Fundraising Overview - The company raised a total of approximately RMB 760 million through the issuance of 26,592,022 shares to specific investors [1]. - The raised funds are allocated for projects including "Autonomous Virtual Group Operation System Construction," "Rail Transit Twin System Construction," and "Customer Experience-Oriented Intelligent Maintenance Ecosystem Construction," with an additional project for 2024 focusing on "Low-altitude Intelligent Operation System and Equipment R&D and Application" [2][3]. Group 2: Cash Management Plan - The company intends to use up to RMB 70 million of temporarily idle funds for cash management, with a usage period not exceeding 12 months [4][7]. - The cash management will involve investments in high-security, liquid products with capital protection agreements, such as structured deposits, agreement deposits, notice deposits, fixed-term deposits, and large certificates of deposit [4][7]. Group 3: Risk Management and Compliance - The company will ensure that the cash management does not affect the normal operation of investment projects and will comply with relevant regulations from the Shanghai Stock Exchange and the China Securities Regulatory Commission [5][6]. - The company will prioritize the use of returns from cash management to cover any shortfalls in project investments and support daily operational liquidity [5][6]. Group 4: Approval and Oversight - The cash management plan has been approved by the company's board and supervisory committee, fulfilling necessary procedural requirements [7]. - The sponsor institution has confirmed that the cash management plan complies with applicable regulations and has no objections to the company's approach [7].

Fundraising Overview - The company raised a total of RMB 759,999,988.76, with a net amount of RMB 745,109,332.76 after deducting issuance costs, all of which was received by September 1, 2021 [1] - As of December 31, 2024, the company has used a cumulative total of RMB 468,999,793.11 from the raised funds, with specific amounts used in each year: RMB 77,727,080.49 in 2021, RMB 169,851,623.87 in 2022, RMB 145,283,333.28 in 2023, and RMB 76,137,755.47 in 2024 [2] Fund Management - The company has established a fundraising management method to regulate the storage and use of raised funds, ensuring investor protection [3][4] - The company signed tripartite supervision agreements with banks and its sponsor to ensure proper management of the raised funds [4] Fund Usage - In 2024, the company used RMB 76,137,755.47 from the raised funds for various projects, including the newly added "Low-altitude Intelligent Operation System and Equipment R&D and Application Project" [2][6] - The company temporarily supplemented working capital with idle raised funds, using up to RMB 20,000,000.00 for operational purposes, with RMB 19,000,000.00 returned to the special account by December 31, 2023 [8][10] Surplus Fund Management - The company has approved the use of surplus funds from previous projects for new investments and to permanently supplement working capital, totaling RMB 27,687,340.00 [19] - As of December 31, 2024, the company had transferred a total of RMB 220,964,071.57 from the special account, which included interest income [20] Compliance and Reporting - The company has complied with all relevant regulations regarding the management and use of raised funds, with no violations reported [23][24] - The company's fundraising management and usage have been verified by its accounting firm, confirming adherence to regulatory requirements [24][25]