Core Viewpoint - Zhongyi Technology announced the approval of using self-owned funds to pay part of the expenses for fundraising investment projects, which will be replaced by raised funds within six months to ensure the smooth progress of a total investment of 609 million yuan [1][2][4] Fundraising and Investment Project Overview - Zhongyi Technology raised a total of 768 million yuan from its initial public offering in 2022, with a net amount of 700 million yuan after deducting issuance costs [2] - The net amount will be allocated to four major investment projects, with 609 million yuan specifically designated for the following: - National IT infrastructure operation and service system construction project: 353.28 million yuan - R&D center construction project: 106.79 million yuan - Intelligent operation and maintenance platform upgrade project: 68.78 million yuan - Supplementing working capital: 80 million yuan [2] Reason for Using Self-Owned Funds - The need to use self-owned funds arises from the restriction on paying employee salaries and related expenses directly from the fundraising account, as per regulations [2][3] Operational Process and Compliance Assurance - The company has established a clear operational process for the use of self-owned funds, which includes submitting a payment application, obtaining approval, and transferring equivalent funds from the fundraising account within six months [4] - The operation complies with relevant regulations and does not alter the direction of the raised funds, ensuring the normal implementation of investment projects [4] Review Procedure and Sponsor Institution Opinion - The matter has been approved by the company's board of directors and the audit committee, with the sponsor institution confirming that the operation followed necessary approval procedures and complies with regulatory requirements [5] Commitment to Regulatory Compliance - Zhongyi Technology stated that it will strictly adhere to regulatory requirements in the future to ensure the protection of shareholder interests [6]

Core Insights - The cumulative crude oil production of the Liuhua oil field group has surpassed 38 million tons, marking a significant milestone in China's deepwater oil and gas development, transitioning from a "follower" to a "leader" in the industry [1][7] - The Liuhua oil field group is China's first self-operated deepwater oil field group, featuring the largest underwater production system in offshore oil and gas fields [1] Technological Advancements - The "Ocean Oil 119" FPSO functions as a floating oil and gas processing plant, managing three underwater production systems, showcasing significant technological complexity [3] - The "Hurricane No. 1" is Asia's first cylindrical FPSO, designed for enhanced stability in rough seas, while the "Hurricane No. 2" is the first deepwater jacket platform in Asia, capable of operating 27 production wells simultaneously [3] - The digital twin system implemented in the Liuhua oil field group allows for real-time monitoring of equipment status, predictive maintenance, and operational efficiency improvements [5][6] Environmental Impact - The gas recovery system on the "Ocean Oil 119" has reduced carbon emissions by 750,000 tons, equivalent to planting over 40 million trees, demonstrating a proactive approach to integrating green practices into production [5][6] - The "Hurricane No. 1" features the first offshore gas desulfurization system in China, capable of reducing emissions by 13,000 tons at peak production [5] Strategic Importance - The advancements in the Liuhua oil field group enhance China's energy security, reducing reliance on imported oil, which currently stands at 70% [7] - The successful methodologies from the Liuhua oil field can be replicated in other deepwater blocks, with over 70% of China's deepwater oil and gas resources located in the South China Sea [7] Future Outlook - The production milestone of 38 million tons is seen as a starting point, with ongoing improvements in the digital twin system and further deepwater exploration on the horizon [8] - Mastery of deepwater oil and gas development technologies positions China favorably in the global energy landscape, potentially reshaping future energy dynamics [8]