Core Insights - During the "14th Five-Year Plan" period, Liaocheng's foreign trade has demonstrated strong resilience, with significant growth in trade with emerging markets and "Belt and Road" partners [1][3]. Group 1: Trade Performance - In 2024, imports and exports with "Belt and Road" partners reached 21.94 billion yuan, a 146% increase compared to the end of the "13th Five-Year Plan" in 2020, with the share of total trade rising from 21.8% to 34.9% [3]. - Exports to ASEAN amounted to 11.72 billion yuan, while exports to Latin America reached 14.91 billion yuan, representing increases of 221% and 34.2% respectively compared to the end of the "13th Five-Year Plan" [3]. Group 2: Product Structure and Export Dynamics - In 2024, 20 national-level specialized and innovative enterprises achieved a total export value of 880 million yuan, with significant contributions from leading enterprises [4]. - Bus exports totaled 6,381 units, valued at 3.24 billion yuan, accounting for 92.2% of the province's total bus exports, maintaining a leading position within the province [4]. - Agricultural product exports reached 5.15 billion yuan in 2024, with poultry and pet feed exports increasing their share within the province [4]. Group 3: Development of Open Platforms - The logistics hub function has been enhanced with the establishment of the Linqing Bonded Logistics Center and the successful acquisition of the UN international port code for Luxi International Land Port, with cumulative container shipments exceeding 1 million TEUs [5]. - A green product international marketing network has been established, with 24 enterprises approved for used car export qualifications, covering 72 countries and regions [5]. - The number of various platforms has continued to expand, including national cultural export enterprises and provincial-level traditional Chinese medicine service export bases, laying a solid foundation for enhancing foreign trade [5].

Core Viewpoint - The company is increasing capital to its wholly-owned subsidiary, Wuhan New锐合金工具有限公司, to implement the fundraising project "R&D Center Construction Project" using part of the raised funds and some self-owned funds [1][4][5] Fundraising Basic Information - The company raised a total of RMB 135,152.33 million through its initial public offering, with a net amount of RMB 135,152.33 million after expenses [1] - The funds are stored in a special account for fundraising management, ensuring investor protection [2] Fundraising Investment Project - The total investment for the fundraising project is RMB 73,507.10 million, with RMB 65,188.79 million planned to be invested from the raised funds [2] - The company plans to invest up to RMB 4,000 million in Wuhan New锐合金工具有限公司 for the R&D Center Construction Project [3][4] Impact of Capital Increase - The capital increase is aimed at promoting the implementation of the R&D Center Construction Project, improving the efficiency of fund usage, and aligning with the company's development strategy [4][5] - The increase does not change the purpose of the raised funds or the direction of investment, ensuring no harm to the company or shareholders [4][5] Management of Raised Funds - The actual amount of the capital increase will be stored in a special account opened by Wuhan New锐合金工具有限公司, adhering to relevant regulations for fundraising management [4][5] Review Procedures and Opinions - The board and supervisory committee have approved the capital increase, confirming compliance with relevant laws and regulations [5] - The sponsor institution has no objections to the capital increase, affirming that it aligns with the fundraising usage plan and does not harm the interests of the company and shareholders [5]