Fundraising Overview - The company has successfully registered for an initial public offering, issuing 10 million shares and raising a total of 1.125 billion RMB, with a net amount of approximately 1.033 billion RMB after deducting issuance costs [1][2] - The raised funds are allocated for three main projects: development and industrialization of next-generation data storage control chips, AIoT signal processing and transmission chips, and a data management chip industrialization base [2] Project Investment Details - The project involving the AIoT signal processing and transmission chip has a total investment of approximately 444.65 million RMB, with 255.63 million RMB planned to be funded from the raised capital [3] New Implementation Entity - The company has added Chengdu Linyi Technology Co., Ltd. as a new implementation entity for the AIoT project, which is fully owned by the company and established in January 2022 with a registered capital of 20 million RMB [4] - Chengdu Linyi will focus on AIoT chip research and development, leveraging local talent and industry advantages to reduce costs and enhance market responsiveness [5] Approval Process - The board of directors unanimously approved the addition of the new implementation entity on April 15, 2025, with independent directors affirming that the decision aligns with the company's strategic planning and does not harm shareholder interests [6][7] Conclusion of Review - The sponsoring institution has confirmed that the addition of the new implementation entity has undergone necessary approval processes and will enhance the efficiency of fund utilization without altering the project's essential content or affecting shareholder interests [8]