Group 1 - The core point of the news is that Gaoling Information (688175.SH) has experienced a significant decline in its stock price, closing at 29.33 yuan with a drop of 8.94% [1] - Gaoling Information was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on March 15, 2022, with an initial share price of 51.68 yuan and a total of 23,226,595 shares issued [1] - The stock is currently in a state of decline, having reached a peak price of 51.00 yuan on its first trading day, indicating a substantial drop from its initial value [1] Group 2 - The company raised a total of 1.2 billion yuan through its initial public offering, with a net amount of 1.11 billion yuan after expenses, which was 392 million yuan less than the originally planned net amount [1] - The funds were intended for various projects, including upgrades to security communication systems and ecological environment monitoring [1] - The total issuance costs (excluding VAT) amounted to 90.08 million yuan, with underwriting and sponsorship fees accounting for 74.02 million yuan [1] Group 3 - According to the annual profit distribution announcement, Gaoling Information will distribute a cash dividend of 0.2 yuan per share and will increase its capital stock by 0.4 shares for each share held, resulting in a total of 37,162,551 new shares [2] - The total cash dividend distribution amounts to approximately 18.58 million yuan, and the total share capital will increase to 130,068,930 shares after the distribution [2] - The record date for the stock rights is set for June 5, 2024, with the ex-dividend date on June 6, 2024 [2]

Core Viewpoint - The company has decided to postpone the timeline for certain fundraising projects to ensure better alignment with its development requirements, while maintaining the original investment purposes and scales [4][5][9]. Fundraising Overview - The company raised a total of RMB 1,200,350,429.60 through the issuance of 23,226,595 shares at a price of RMB 51.68 per share, with a net amount of RMB 1,110,273,504.59 after deducting issuance costs [1]. - As of May 31, 2025, the total balance of the fundraising in special accounts is RMB 173,373,500, which does not include RMB 749,000,000 used for cash management in financial products [2][3]. Fundraising Project Status - The total investment amount for the fundraising projects is RMB 106,107,350, with cumulative investments of RMB 25,713,170 as of May 31, 2025 [4]. Reasons for Project Postponement - The postponement is due to delays in project implementation, particularly in the "Internal Security Communication System Upgrade Project" and "Communication Network Information Security and Big Data Operation Product Upgrade Project," caused by external environmental factors and changes in client needs [5][6][8]. Measures to Ensure Completion - The company will adhere to relevant regulations and strengthen the management and supervision of fundraising usage to ensure compliance and effective project implementation [9]. Necessity and Feasibility of Projects - The company has reassessed the necessity and feasibility of the postponed projects, concluding that they remain essential and viable despite the delays [10][11][12][13][14]. Impact of Postponement - The postponement will not materially affect the implementation of the projects or the company's normal operations, and it aligns with the long-term development strategy [15]. Review Procedures - The postponement has been approved by the company's board and supervisory committee, confirming compliance with legal and regulatory requirements [15][16].