Core Viewpoint - The report details the fundraising activities and usage of funds by Changshu Tongrun Automotive Parts Co., Ltd., highlighting the total amount raised, net proceeds, and the management of these funds [1][2][3]. Fundraising Overview - The company raised a total of RMB 607,329,087.04 through the issuance of 19,873,334 shares at a price of RMB 30.56 per share [1]. - After deducting issuance costs of RMB 97,869,187.04, the net proceeds amounted to RMB 509,459,900.00 [2]. - As of June 30, 2025, the remaining balance of the raised funds was RMB 222,348,190.57 [2]. Fund Management - The company has established a fundraising management system to ensure the proper storage, approval, usage, and supervision of the raised funds [3]. - Funds are stored in dedicated bank accounts, and the company has signed tripartite and quadripartite supervision agreements with its underwriter and banks to clarify the rights and obligations of all parties involved [3][4]. Fund Usage - As of June 30, 2025, the company had invested RMB 250,092,869.26 into fundraising projects, with RMB 27,902,314.85 used to replace self-raised funds previously invested in these projects [2][5]. - The company temporarily supplemented working capital with RMB 43,000,000 from idle funds, ensuring that this does not affect the implementation of fundraising projects [5][6]. - An additional RMB 75,000,000 was allocated for cash management investments from idle funds [5][6]. Project Adjustments - The company has made adjustments to the timelines and funding allocations for certain projects, including the "R&D Center and Information Technology Project" and the "Automotive Parts Manufacturing Project," extending their expected completion dates to August 31, 2025 [6][7]. - A portion of the funds originally allocated for the "Automotive Maintenance Equipment Production Base Project" was redirected to the new "Puke Technology Storage Cabinet Production Base Project," amounting to RMB 4,232,000 [6][7]. Compliance and Reporting - The company has adhered to relevant laws and regulations regarding the use of raised funds and has disclosed the usage status in a timely manner, with no violations reported [6].