Core Viewpoint - Yuan Dao Communication has received a notice from the China Securities Regulatory Commission (CSRC) regarding an investigation into alleged false financial disclosures in its annual reports, leading to potential legal consequences for the company [2]. Group 1: Company Announcements - On July 11, 2025, Yuan Dao Communication announced it received a formal notice from the CSRC, indicating that the company is under investigation for suspected violations of securities laws due to false financial data in its disclosures [2]. - The company reported a trading volume of 69.488 million yuan and a net inflow of 10.8313 million yuan on July 14, 2025 [2]. Group 2: Fundraising Projects - On June 13, 2025, Yuan Dao Communication's board approved a proposal to extend the timeline for the "Regional Service Network Construction Project" from June 30, 2025, to December 31, 2025, without changing the project's implementation details [3]. - The net amount raised from fundraising was 1.065 billion yuan, with an excess of 223 million yuan over the project amount, categorized as over-raised funds [3]. Group 3: Project Delay Reasons - The delay in the "Regional Service Network Construction Project" is attributed to incomplete site acquisitions and ongoing equipment procurement, despite achieving some progress [4]. - The company emphasized that the delay does not alter the project's feasibility or negatively impact its normal operations, and it will continue to monitor the project's progress to maximize benefits for shareholders [4].