Core Viewpoint - The company has announced a delay in the completion dates for two fundraising investment projects, namely the "NaiXiang Intelligent Electrical Industry Park Construction Project (Phase I)" and the "Research and Development Center Construction Project" [1][2] Group 1: NaiXiang Intelligent Electrical Industry Park Construction Project - The project is planned to use fundraising of 159 million yuan, with a cumulative investment of 116 million yuan as of December 31, 2024, representing a progress rate of 73.23% [1] - Some construction of factory buildings and supporting areas has been completed, but additional construction and equipment installation are still pending [1] - The completion date for the project has been adjusted to June 2026 due to the need for a longer investment construction period [1] Group 2: Research and Development Center Construction Project - The project is intended to use fundraising of 36.9668 million yuan, with a cumulative investment of 19.209 million yuan as of December 31, 2024, indicating a progress rate of 51.96% [2] - The company has optimized and upgraded the original R&D plans to ensure the technological advancement and competitiveness of the R&D outcomes [2] - The completion date for this project has also been adjusted to June 2026 due to the complexity of the revised R&D processes and equipment selection [2]