Core Viewpoint - The company is responding to the Shenzhen Stock Exchange's inquiry regarding its recent private placement, emphasizing the necessity of upgrading its research and development (R&D) platform to support AI-driven initiatives [1][3]. Group 1: R&D Center Project - The total investment for the R&D center project is 62.4 million yuan, which includes costs for bandwidth, IDC (Internet Data Center) leasing, and hardware/software purchases [3]. - The existing R&D center is outdated and cannot support a fully virtualized, multi-tenant architecture, necessitating a complete overhaul to create a unified R&D platform [3]. - The new R&D center will enhance infrastructure support for various R&D activities and will be interconnected with the company's data service center and headquarters [3]. Group 2: AI-Driven Projects - The company plans to raise up to 600 million yuan through a private placement, with 353 million yuan allocated to an AI-based smart credit system project and 71.93 million yuan for a comprehensive risk digital management platform [2]. - The smart credit project aims to leverage AI, data, and end-to-end collaboration to establish a competitive edge in the credit business, with a development cycle of three years [4][5]. - The digital risk management platform will create a unified framework for risk applications, enhancing resource reuse and providing a comprehensive risk monitoring view [5]. Group 3: Market Position and Competitiveness - The company is recognized as a leading provider of IT solutions for banks in China, with a strong demand for AI applications in the financial sector [4]. - Competitors are increasing their investments in AI and cloud-native technologies, highlighting the need for the company to upgrade its systems to maintain competitiveness [4]. - The company asserts that its current technology foundation supports the development of the proposed projects, which have already shown promising results [5].