Core Viewpoint - The company, Shenzhen Jingzhida Technology Co., Ltd., has provided a detailed report on its fundraising activities and the management of those funds, ensuring compliance with relevant regulations and highlighting the strategic use of raised capital for project development [3][30]. Group 1: Fundraising Overview - The company was approved to publicly issue 23,502,939 shares at a price of RMB 46.77 per share, raising a total of RMB 1,099.23 million, with a net amount of RMB 986.56 million after deducting issuance costs [3][17]. - The funds were fully received by July 13, 2023, and verified by DaHua Accounting Firm [3][17]. Group 2: Fund Management - The company has established a tripartite supervision agreement for the management of the raised funds, ensuring compliance with regulatory requirements [6]. - As of June 30, 2025, the company had RMB 539.87 million in cash management from idle raised funds, with plans to hold these financial products for no more than 12 months [9][8]. Group 3: Fund Utilization - The company has approved the use of RMB 299.61 million of the raised funds for the development of advanced packaging equipment [10][18]. - The company has also added new project implementation entities and locations to enhance its operational efficiency and strategic alignment in the micro-display sector [23][25]. Group 4: Asset Impairment - The company has recognized an asset impairment provision totaling RMB 15.20 million for the first half of 2025, including RMB 10.44 million for credit impairment losses and RMB 4.76 million for inventory impairment [32][34]. - This provision reflects the company's adherence to accounting standards and is intended to provide a fair representation of its financial status [31][35].

Core Viewpoint - Shenzhen Jingzhida Technology Co., Ltd. has provided an update on the use of raised funds from its initial public offering, detailing the total amount raised, the allocation of funds, and the management of idle funds [1][6]. Fundraising Overview - The company was approved to issue 23.502939 million shares at a price of RMB 46.77 per share, raising a total of RMB 1,099.2325 million, with net proceeds of RMB 986.5646 million after deducting expenses [1]. - As of June 30, 2025, the total amount of raised funds was RMB 986.5646 million, with RMB 43.81616 million already utilized [6][8]. Fund Management - The company has established a tripartite supervision agreement for the management of raised funds, ensuring compliance with regulations [1][6]. - The funds are stored in designated bank accounts, with a total balance of RMB 34.56747418 million as of June 30, 2025 [2][3]. Actual Use of Funds - The company has allocated RMB 10.21141 million to various projects, including the development of new generation semiconductor storage devices and testing equipment [6][8]. - The company has also approved the use of RMB 29.96074 million of excess raised funds for the advanced packaging equipment research project [6][8]. Idle Funds Management - As of June 30, 2025, the company has RMB 539.8679 million in idle funds under cash management, with investments in various financial products [5][6]. - The company plans to hold these financial products for no more than 12 months [6]. Changes in Fund Usage - There have been no changes in the fundraising projects or any transfers of fundraising projects during the reporting period [6]. - The company has not used excess funds for permanent working capital or to repay bank loans [6]. Compliance and Disclosure - The company has ensured that all disclosed information regarding the use of raised funds is timely, truthful, accurate, and complete, with no violations in the management of funds [6].