Summary of Key Points Core Viewpoint - The company has completed certain fundraising projects and plans to permanently supplement its working capital with the surplus funds while also delaying some fundraising projects [1][9]. Fundraising Overview - The total amount raised from the issuance of shares was approximately RMB 788.55 million, with a net amount of RMB 773.69 million after deducting various fees [1][2]. - The company has established a dedicated account for managing the raised funds and has signed relevant agreements with the sponsor and the bank [2]. Investment Project Details - The total investment for the "Suzhou Technology R&D Center (Phase II) Construction Project" is RMB 113.02 million, with a committed investment of RMB 77.37 million [3]. - The company has approved adjustments to the investment structure and has added a wholly-owned subsidiary as the implementation entity for the "Digital Production Base Construction Project" [3][9]. Fund Usage and Surplus - The completed projects include the "Suzhou Technology R&D Center (Phase II) Construction Project" and the "Information Technology Construction and Intelligent Warehouse Project" [6]. - The surplus funds from these projects will be permanently added to the company's working capital to enhance cash flow and economic efficiency [6][9]. Project Delays - The "Digital Production Base Construction Project" has been delayed, with the expected completion date pushed to March 2026 [7][8]. - The delay is due to stricter site requirements for production processes, necessitating a new implementation location in Changzhou [7][8]. Approval Process - The company's board of directors has approved the conclusion of certain fundraising projects and the use of surplus funds, confirming that these actions will not adversely affect normal operations [9][10]. - The sponsor has verified that the decisions made are in compliance with relevant regulations and will not harm shareholder interests [10].