Group 1 - The 2025 (10th) Qidian Lithium Battery Industry Annual Conference and Qidian Research 10th Anniversary Celebration will be held on December 18-19 in Shenzhen, focusing on over 35 hot topics related to lithium batteries and energy storage [2] - The conference will feature five major sessions discussing core topics such as lithium battery materials, equipment, commercial energy storage, portable energy storage, and safety challenges [2] - Yifei Laser will be a key sponsor of the event, with its Market Director Jin Zhaohai presenting on "Continuous Innovation in Intelligent Equipment Empowering the Industrialization of Cylindrical Batteries" [2] Group 2 - Yifei Laser has established a three-dimensional innovation system driven by "laser technology + intelligent equipment + process application," focusing on precision laser processing technology [3] - The company has developed a range of products in the new energy battery equipment sector, including automatic assembly lines for cylindrical and square battery cells, and smart logistics solutions for battery factories [3] - Yifei Laser collaborates with industry chain enterprises, universities, and research institutions to accelerate the breakthrough and industrial transformation of emerging technologies [3] Group 3 - Notable speakers at the conference include Ma Jinpeng from New Energy Security, Liu Shilei from EVE Energy, and Dr. Guo Chuntai from Blueking New Energy, among others, who will discuss various advancements and trends in the lithium battery industry [6][7] - Topics of discussion will include next-generation battery technologies, manganese-based battery material innovations, and solid-state battery applications in data center UPS systems [7]

Core Viewpoint - The company has decided to postpone its fundraising project and will use its own funds to cover project costs, later replacing these with the raised funds, ensuring compliance with regulations and maintaining project integrity [1][12][13]. Fundraising Overview - The company raised a total of RMB 111,340.25 million from its initial public offering, with a net amount of RMB 99,209.65 million after deducting issuance costs [1]. - The funds are stored in dedicated accounts, with a total balance of RMB 17,108.69 million as of June 30, 2025, excluding RMB 45,520.00 million used for cash management [1]. Project Status and Delay Reasons - The expected completion date for the fundraising projects has been adjusted to December 2026 due to design adjustments and construction delays [2][3]. - The company aims to create a zero-carbon smart factory as part of its global strategy, which has necessitated these changes [2][4]. Project Necessity and Feasibility - The lithium battery laser manufacturing equipment project is crucial as the demand for cylindrical batteries is projected to exceed 400 GWh by 2030, with a compound annual growth rate of over 50.1% from 2023 to 2030 [3][4]. - The project aligns with national policies supporting smart manufacturing and aims to enhance the company's competitive edge in the rapidly evolving lithium battery equipment market [5][6]. Use of Own Funds and Replacement Process - The company will initially use its own funds and bank acceptance bills to cover project costs, later replacing these with the raised funds to improve efficiency [9][10]. - The process involves regular tracking of expenditures and requires approval from the financial department and oversight from the sponsor institution [10][11]. Internal Decision-Making Process - The company’s board and supervisory committee approved the project adjustments on July 18, 2025, confirming compliance with internal and regulatory requirements [12][13]. - The adjustments are deemed necessary for the effective implementation of the fundraising projects and do not harm shareholder interests [13][14].