Core Viewpoint - The company, Xiyu Tourism Development Co., Ltd., has disclosed its 2025 semi-annual report, emphasizing the accuracy and completeness of the information provided, and confirming that there are no false records or significant omissions [6][28]. Company Basic Information - The company held its seventh board meeting on August 25, 2025, where all directors were present to review the semi-annual report [2][22]. - The company did not change its controlling shareholder or actual controller during the reporting period [5]. Financial Data and Indicators - The company raised a total of RMB 278.61 million through its initial public offering, with a net amount of RMB 236.69 million after deducting underwriting fees and other related expenses [7][8]. - As of June 30, 2025, the company had utilized RMB 131.58 million of the raised funds for various projects, including RMB 80 million for repaying bank loans and RMB 36.59 million for upgrading vehicles in the Tianshan Tianchi scenic area [8][17]. Fund Management and Usage - The company has established a special management system for the raised funds, ensuring they are stored in dedicated accounts and used according to regulations [9][10]. - As of June 30, 2025, the remaining unused raised funds amounted to RMB 74.56 million, which includes RMB 5.52 million in the special account and RMB 69.04 million in cash management [17]. Board and Supervisory Committee Resolutions - The board unanimously approved the semi-annual report and the special report on the storage and actual use of raised funds, confirming compliance with relevant laws and regulations [24][32]. - The supervisory committee also reviewed and approved the same reports, affirming that there were no violations in the management and usage of the raised funds [32].