Core Viewpoint - The company has announced changes to certain fundraising investment projects, including the completion of the "Heyuan New Energy Magnetic Integration Device Intelligent Manufacturing Project" and the extension of the timeline for the "Large Capacity Transformer Intelligent Production Line Construction Project" due to various market and operational factors [1] Group 1: Project Changes - The "Heyuan New Energy Magnetic Integration Device Intelligent Manufacturing Project" has reached a state of readiness for use and is now concluded, with surplus fundraising of 16.38 million yuan being permanently allocated to supplement working capital [1] - The timeline for the "Large Capacity Transformer Intelligent Production Line Construction Project" has been extended from April 30, 2026, to April 30, 2027 [1] Group 2: Reasons for Changes - The project delays are attributed to macroeconomic fluctuations, changes in industry market demand, and actual operational conditions, leading the company to implement dynamic control over equipment procurement and production line construction [1] - The company is exercising caution in the use of fundraising to ensure that the investment pace aligns with actual market conditions, thereby safeguarding project quality and long-term benefits [1]

Core Viewpoint - The company has approved the completion of the "Heyuan New Energy Magnetic Integrated Device Intelligent Manufacturing Project" and plans to permanently supplement working capital with surplus funds from the project [1] Group 1: Project Completion - The fifth meeting of the fifth board of directors was held on January 27, 2026, where the completion of the project was approved [1] - The project has reached the predetermined usable state as of December 31, 2025 [1] Group 2: Financial Details - Surplus funds amounting to 16.38 million yuan (including cash management income and interest) have been identified from the project [1] - Approximately 15.07 million yuan will be reserved for paying outstanding contract amounts, while the remaining surplus will be used to supplement working capital [1] - The company will close the corresponding fundraising account after all project funds have been utilized [1]