Summary of Key Points Core Viewpoint The company, Shenzhen Kexin Communication Technology Co., Ltd., is changing the use of part of the funds raised from a specific stock issuance due to significant market changes affecting its original project, the "Energy Storage Lithium Battery System R&D and Industrialization Project." The funds will now be redirected to a new project focused on "Data Center Green Low-Carbon Technology Renovation" to enhance operational efficiency and align with market demands [1][6][9]. Group 1: Fundraising and Financial Overview - The total net amount raised from the stock issuance was approximately RMB 516.19 million after deducting issuance costs [2]. - The original project, "Energy Storage Lithium Battery System R&D and Industrialization Project," had a planned investment of RMB 54 million, with an adjusted investment amount of RMB 36.13 million [3][4]. - The new project, "Data Center Green Low-Carbon Technology Renovation," has a total investment of RMB 41.40 million, with RMB 36.59 million allocated from the raised funds [4][10]. Group 2: Project Change Reasons - The original project aimed to expand production capacity in the energy storage sector but faced significant market changes, including increased competition and price volatility [7][9]. - The company decided to shift its focus to the new project to improve fund utilization efficiency and adapt to the evolving market landscape [8][9]. Group 3: New Project Details - The "Data Center Green Low-Carbon Technology Renovation" project aims to enhance energy efficiency in data centers through advanced energy management systems and equipment standardization [10][12]. - The project targets small to medium-sized data centers, with initial implementation focused on regions like Guangdong and Sichuan [11][13]. - The expected annual revenue from the new project is estimated at approximately RMB 162.94 million, with a projected net profit of around RMB 16.29 million [14]. Group 4: Approval and Compliance - The change in fundraising use has been approved by the company's board and will be submitted for shareholder approval [15]. - The sponsor, Guosen Securities, has confirmed that the change complies with relevant regulations and guidelines [16].