Core Viewpoint - Longwei Co., Ltd. has announced the completion of funding for its "Data Center Cabinet System R&D Center Construction Project" through its own funds, transferring the amount to its wholly-owned subsidiary, Ningbo Longwei Network Energy Co., Ltd. [1] Group 1 - The company has terminated the regulatory agreement associated with the fundraising by canceling specific bank accounts [1] - The fundraising was initially managed through China Minsheng Bank and Shanghai Pudong Development Bank, which have now been closed [1]

Core Viewpoint - Longwei Co., Ltd. announced the signing of a "Four-Party Fundraising Supervision Agreement" for the construction of a data center cabinet system R&D center, indicating a strategic investment in technology development [1] Group 1: Company Actions - The company, along with Ningbo Longwei Network Energy, Guotou Securities, and Bank of Communications Ningbo Hangzhou Bay New District Branch, has established a dedicated account for the project [1] - The account number for the dedicated fund is 309006216015003026793, which will be used exclusively for the data center cabinet system R&D center construction project [1] Group 2: Financial Details - As of November 28, 2025, the balance of the dedicated account is reported to be 0 million [1] - The purpose of the raised funds is specifically allocated for the data center cabinet system R&D center construction project [1]