Core Viewpoint - The company announced a delay in the expected operational status dates for three major investment projects from October 31, 2025, to October 31, 2027, to mitigate investment risks and enhance fund utilization efficiency [2][3] Group 1: Project Background - In 2020, the company received approval from the China Securities Regulatory Commission to issue 31.5789 million shares at a price of 19 yuan per share, raising approximately 599.999993 million yuan, with a net amount of about 589.03045427 million yuan after deducting issuance costs [2] - The funds were initially allocated to four major projects, including automotive electronic display equipment, large-size TV module equipment, semiconductor packaging and testing equipment, and working capital [2] Group 2: Investment Allocation - The total investment amounts and fund allocations for the projects are as follows: - Automotive electronic display equipment: Total investment of 285.2537 million yuan, with 169.0305 million yuan from raised funds, and cumulative investment of 107.3642 million yuan as of September 30, 2025 - Large-size TV module equipment: Total investment of 187.1524 million yuan, with 120 million yuan from raised funds, and cumulative investment of 72.4153 million yuan - Semiconductor packaging and testing equipment: Total investment of 195.1552 million yuan, with 120 million yuan from raised funds, and cumulative investment of 74.1974 million yuan - Working capital: Total investment of 180 million yuan, fully funded by raised funds [2] Group 3: Project Implementation Adjustments - The company has previously adjusted the implementation methods for the investment projects, including changing from capital increase to loans and back to capital increase to better align with actual project needs [3] - The company approved the use of raised funds to replace self-raised funds and issuance costs, totaling approximately 180.83746012 million yuan [3] Group 4: Reasons for Delay - The delay in project timelines is attributed to macroeconomic fluctuations, changes in the external environment, and adjustments in business development, aiming to avoid low capacity utilization despite high capital investment [3] - The projects are managed by the wholly-owned subsidiary Dongguan Lianpeng, located in Dongguan, Guangdong Province, and involve factory construction and equipment procurement [3] Group 5: Strategic Importance - The investment projects are essential for expanding existing business operations, enhancing production capacity, increasing market share, and solidifying the company's industry position, aligning with the overall strategic planning and development needs [4] - The company plans to proceed with project implementation steadily while monitoring macroeconomic conditions, downstream market demand, and order situations, allowing for timely adjustments in funding arrangements [4]