Fundraising Overview - The actual net amount raised by the company through the issuance of A-shares is approximately RMB 1.84 billion [1] - As of October 13, 2023, the remaining funds after deducting underwriting and other issuance costs amount to approximately RMB 1.84 billion [2] Fund Management - The company has established a dedicated account storage system for the raised funds to ensure proper supervision and management [2] - The management procedures for the raised funds have been revised multiple times, with the latest revision occurring on May 8, 2023 [2] Fund Usage - As of June 30, 2025, the company has invested approximately RMB 404.22 million into fundraising projects [2] - The total amount of funds that have been used for investment projects in 2025 is approximately RMB 184.16 million [6] Project Adjustments - The company has approved changes to the implementation subjects of certain fundraising projects, including the addition of the company itself as a subject for the "Beidou + 5G" project [5] - Adjustments to the investment amounts and internal investment structure of fundraising projects have been approved, with a reduction of RMB 120 million for the "Beidou + 5G" project and an increase of the same amount for the "Tianshu R&D Center Construction" project [5][7] Cash Management - The company has approved the use of up to RMB 1.2 billion of temporarily idle raised funds for cash management, which can be used within 12 months from the date of approval [6] - As of June 30, 2025, the balance of temporarily idle funds used for cash management is approximately RMB 1.12 billion [6] Remaining Funds - As of June 30, 2025, the company has approximately RMB 1.29 billion of unutilized raised funds, which are stored in dedicated accounts and wealth management accounts [7]