Fundraising Plan - The company plans to raise a total of up to RMB 300 million, with a net amount of RMB 125.29 million allocated for specific projects after deducting related issuance costs [1] - The total investment for the projects is RMB 290 million, which aligns with national industrial policies and does not involve overcapacity or high-energy-consuming industries [1] Project Overview - The fundraising project focuses on the "Vaccine R&D Production Base Technical Renovation Project," which includes upgrading production lines for major products such as tetanus and polysaccharide vaccines [2] - The project aims to replace old production lines with new automated and intelligent production lines while maintaining overall production capacity stability [2][3] Necessity of the Project - The project is necessary to adapt to industry trends and improve production management, ensuring compliance with vaccine production quality management standards [2][3] - The renovation will enhance production efficiency and product quality, which is crucial for the company's main revenue sources [3] Competitive Advantage - The vaccine industry is technology-intensive, requiring continuous innovation and improvement to maintain competitiveness [4] - The project will support the stable production of core products, providing cash flow for ongoing research and development of new products [4] Feasibility of the Project - The project aligns with national policies promoting equipment upgrades in the pharmaceutical industry, enhancing production quality and efficiency [5] - The company has established a robust quality management system that complies with various regulations, ensuring product quality throughout the production lifecycle [6] Implementation and Economic Impact - The project will be implemented over four years, with funding allocated based on project progress [8] - The project is expected to enhance the company's production capabilities and financial health, leading to improved long-term profitability and reduced financial risks [12] Conclusion - The fundraising project is in line with national policies and industry trends, aiming to optimize production processes and enhance product quality, thereby ensuring the company's competitive advantage and sustainable growth [12][13]