Summary of Key Points Core Viewpoint - The company has completed certain fundraising projects and plans to permanently supplement its working capital with the remaining funds from the issuance of convertible bonds, in compliance with relevant regulations and to support its subsidiary's operations [1][4][6]. Fundraising Basic Situation - The company raised a total of RMB 523 million through the issuance of convertible bonds, with a net amount of RMB 514.7 million after deducting issuance costs [1][2]. - The funds were deposited in a designated account at a bank, and the situation was verified by an accounting firm [1]. Fund Utilization and Project Status - The company has established a management system for the use of raised funds, ensuring strict approval procedures for fund usage [2]. - The "High-end Photoresist R&D Project for Integrated Circuit Manufacturing" has been transferred to a wholly-owned subsidiary, with a total investment commitment of RMB 304.7 million, of which RMB 188.3 million has been utilized, leaving a surplus of RMB 124.8 million [3][4]. Reasons for Surplus Funds - The surplus funds resulted from effective cost control and management during the project execution, ensuring that the overall project goals and quality were met [4]. Plan for Surplus Funds - The company intends to use the surplus funds of RMB 124.8 million to permanently supplement working capital for its subsidiary, which will enhance operational efficiency and reduce funding costs [4][5]. Approval Procedures - The board of directors and the supervisory board have approved the proposal to conclude the fundraising projects and allocate the surplus funds, which will be submitted for shareholder approval [5][6]. Sponsor's Verification Opinion - The sponsor has verified that the company's actions comply with relevant regulations and do not harm the interests of the company or its shareholders [6][8].

Group 1 - The company, Crystal Clear Electronic Material Co., Ltd., issued convertible bonds totaling RMB 523 million, approved by the board and shareholders [2][3][25] - The net proceeds from the bond issuance amounted to RMB 514.70 million after deducting underwriting fees [3][23] - The bonds have a maturity period of 6 years, with an annual interest rate starting at 0.2% in the first year and increasing to 2.0% in the sixth year [4][5][25] Group 2 - The company achieved significant operational results, breaking the long-standing technological and market monopolies of international giants in the semiconductor high-purity chemical sector [18][19] - The company reported a revenue increase of 10.44% year-on-year, reaching RMB 1.44 billion, with a significant rise in operating cash flow by 81.13% [19][20] - The company has established itself as a leading supplier in the domestic market, with over 40% market share in high-purity hydrogen peroxide [18][19] Group 3 - The company faced its first loss since listing, with a net profit attributable to shareholders of -RMB 179.59 million due to significant goodwill impairment and increased R&D expenses [20][21] - R&D expenses grew by 39.74%, reflecting the company's commitment to innovation and product development [21][22] - The company maintains a strong competitive position in the industry, with no significant adverse changes in its core business or market conditions [21][22] Group 4 - The company has a robust plan for utilizing the raised funds, focusing on high-end product development and capacity expansion [23][24] - The company has adjusted the implementation of certain projects to optimize resource allocation and achieve strategic business integration [23][24] - The company has not provided any guarantees for the bonds, which may increase repayment risks if significant negative events occur [25]