Fundraising Overview - The company raised a total of RMB 489.31 million through a non-public offering of 42,734,227 shares at RMB 11.45 per share in 2020, with a net amount of RMB 480.06 million after deducting issuance costs [1] - In 2022, the company raised RMB 225.43 million by issuing 13,646,186 shares at RMB 16.52 per share, resulting in a net amount of RMB 216.71 million after costs [2] Change in Fund Usage - The company decided to terminate three projects: "Huizhou Charging Pile Magnetic Component Intelligent Manufacturing Project," "Anhui Photovoltaic Energy Storage Magnetic Component Intelligent Manufacturing Project," and "Automotive Electronics R&D Center Construction Project," reallocating the unused balance of RMB 173.91 million to the construction of a production base in Vietnam [3] - The interest accrued on the remaining funds will also be allocated to the Vietnam production base project [3] Establishment of Overseas Subsidiaries - A subsidiary named HONGTING TECHNOLOGY PTE. LTD. was established in Singapore with a registered capital of USD 10,000, focusing on wholesale of electronic components [4][5] - Another subsidiary, HONGTING TECHNOLOGY (VIETNAM) COMPANY LIMITED, was set up in Vietnam with a registered capital of USD 600,000, aimed at producing and processing electrical and electronic equipment [6] Fund Supervision Agreement - The company signed a tripartite supervision agreement with banks and a sponsor to manage the funds for the Vietnam production base project, ensuring compliance with regulations [7][8] - The agreement stipulates that the funds must be used strictly for the designated project and outlines the responsibilities of all parties involved [9][10] Financial Management - The company plans to use up to RMB 160 million of temporarily idle funds for low-risk financial products, ensuring that the normal implementation of fundraising projects is not affected [19] - Additionally, the company intends to use up to RMB 200 million of idle self-owned funds for similar financial products, with a focus on maintaining liquidity and safety [20]

Summary of Key Points Core Viewpoint The company, Shenzhen Keli Technology Co., Ltd., is changing the use of part of the raised funds from its non-public offerings in response to market conditions and operational needs, aiming to enhance fund utilization efficiency and support new project investments. Group 1: Fundraising Overview - In the 2020 non-public offering, the company raised a total of RMB 489.31 million, with a net amount of RMB 480.06 million after deducting issuance costs [1][2] - The 2022 non-public offering raised RMB 225.43 million, with a net amount of RMB 216.71 million after costs [5][6] Group 2: Changes in Fund Usage - The company plans to adjust the investment amounts for the "Automotive Electronic Magnetic Component Production Line Construction Project," reducing the total investment by RMB 151.58 million, reallocating these funds to supplement working capital [3][4] - The "Power Production Automation Transformation Project" has been terminated, with remaining funds also redirected to working capital [4][5] Group 3: New Project Investments - The company intends to invest RMB 173.91 million from the adjusted funds into a new production base in Vietnam to meet increasing market demand and enhance operational efficiency [9][10] - The decision to terminate certain projects and invest in new ones is driven by the need to adapt to market changes and improve competitiveness [8][9] Group 4: Feasibility and Strategic Rationale - The new project in Vietnam is deemed necessary due to the growing demand from overseas clients and the need to diversify production locations to mitigate geopolitical risks [12][13] - Vietnam's favorable labor costs, tax incentives, and strategic location are expected to provide significant advantages for the company's operations [16][17] Group 5: Approval Process - The board of directors and the supervisory board have approved the changes in fund usage, emphasizing that the decision aligns with the company's long-term strategic goals and does not harm shareholder interests [18][19]

Group 1 - The company held its fifth board meeting on June 12, 2025, with all seven directors present, complying with legal and procedural requirements [1][2] - The board approved the termination of three projects: "Huizhou Charging Pile Magnetic Component Intelligent Manufacturing Project," "Anhui Photovoltaic Energy Storage Magnetic Component Intelligent Manufacturing Project," and "Automotive Electronics R&D Center Construction Project," reallocating the unused funds of 173.9116 million yuan to the Vietnam production base construction project [1][2] - A special account for the management and use of the raised funds will be established, with the management authorized to handle all related matters [1] Group 2 - The board's decision received unanimous support with 7 votes in favor, and it will be submitted for approval at the company's first extraordinary general meeting of shareholders in 2025 [2] - The extraordinary general meeting is scheduled for June 30, 2025, and will utilize both on-site and online voting methods [2]