Summary of Key Points Core Viewpoint - The company has completed certain fundraising projects and plans to permanently supplement its working capital with the surplus funds while also delaying some fundraising projects [1][9]. Fundraising Overview - The total amount raised from the issuance of shares was approximately RMB 788.55 million, with a net amount of RMB 773.69 million after deducting various fees [1][2]. - The company has established a dedicated account for managing the raised funds and has signed relevant agreements with the sponsor and the bank [2]. Investment Project Details - The total investment for the "Suzhou Technology R&D Center (Phase II) Construction Project" is RMB 113.02 million, with a committed investment of RMB 77.37 million [3]. - The company has approved adjustments to the investment structure and has added a wholly-owned subsidiary as the implementation entity for the "Digital Production Base Construction Project" [3][9]. Fund Usage and Surplus - The completed projects include the "Suzhou Technology R&D Center (Phase II) Construction Project" and the "Information Technology Construction and Intelligent Warehouse Project" [6]. - The surplus funds from these projects will be permanently added to the company's working capital to enhance cash flow and economic efficiency [6][9]. Project Delays - The "Digital Production Base Construction Project" has been delayed, with the expected completion date pushed to March 2026 [7][8]. - The delay is due to stricter site requirements for production processes, necessitating a new implementation location in Changzhou [7][8]. Approval Process - The company's board of directors has approved the conclusion of certain fundraising projects and the use of surplus funds, confirming that these actions will not adversely affect normal operations [9][10]. - The sponsor has verified that the decisions made are in compliance with relevant regulations and will not harm shareholder interests [10].

Fundraising Overview - The company has been approved by the China Securities Regulatory Commission to issue shares to specific investors, raising a net amount of approximately 773.69 million yuan after deducting fees [1] - The funds have been fully deposited into a designated account, and a verification report has been issued by an accounting firm [1] Fund Management and Usage - To enhance the management and efficiency of the raised funds, the company has established a special account for its wholly-owned subsidiary, Changzhou Weichuang Electric Co., Ltd., which will be the implementation entity for the digital production base construction project [2][3] - A four-party supervision agreement has been signed among the company, the subsidiary, the bank, and the sponsor to regulate the management of the raised funds [3][4] Special Account Details - The special account has been opened at Jiangsu Bank, specifically for the digital production base construction project, ensuring that the funds are used solely for this purpose [4] - The agreement stipulates that the sponsor has the right to supervise the usage of the funds and conduct regular checks [5][6] Reporting and Compliance - The bank is required to provide monthly statements to the company and the sponsor, ensuring transparency in fund management [5] - Any withdrawals exceeding 50 million yuan or 20% of the net raised funds must be reported to the sponsor immediately [6]