Fundraising Overview - The total amount raised by the company is 413,560,000 CNY, with a net amount of 411,591,390 CNY after deducting issuance costs [1] - As of June 30, 2025, the company has invested a total of 172,721,280 CNY in fundraising projects, leaving a balance of 236,950,000 CNY in idle funds [1][3] - The remaining balance of the fundraising account is 2,114,900 CNY, including interest [1] Fund Management - The company has established special accounts for fundraising at various banks, including China Construction Bank and China Merchants Bank, and signed a tripartite supervision agreement with the sponsor, CITIC Securities [2] - A four-party supervision agreement has been signed for the management of fundraising funds used in sub-projects [2] - The management of fundraising funds follows principles of unified planning, centralized management, project responsibility, and audit supervision [3] Fund Utilization - The company has temporarily used idle fundraising funds to supplement working capital, with a maximum of 2.69 billion CNY approved for this purpose [3][4] - As of August 9, 2024, all previously used funds for working capital have been returned to the special fundraising account [3] - The balance of idle funds used for working capital is 2.3695 billion CNY after early repayment of 280.5 million CNY [4] Project Updates - There have been no changes in the use of fundraising funds for investment projects during the reporting period [4] - The company has optimized the construction content of the new intelligent inertial navigation system project, while maintaining the project goals, investment scale, and construction period [4]

Core Points - The company has decided to use idle funds raised from a specific A-share issuance in 2021, amounting to no more than 2.339 billion yuan, to temporarily supplement working capital for a period not exceeding 12 months [1][5] - The total amount raised from the A-share issuance in 2021 was 4.13556 billion yuan, with a net amount of 4.11591 billion yuan after deducting issuance costs [1][2] - As of August 1, 2025, the company has fully returned the previously used idle funds of 2.650 billion yuan to the designated fund account [2] Fund Utilization - The company has cumulatively invested 1.77685 billion yuan in fundraising projects, with a remaining balance of 2.33995 billion yuan in the fundraising account (including interest) as of August 11, 2025 [2][3] - The investment projects include intelligent unmanned systems and satellite communication product industrialization projects [3] Approval and Compliance - The decision to use idle funds was approved by the company's board of directors in the ninth meeting of 2024, complying with relevant laws and regulations [2][5] - The company’s sponsor, CITIC Securities, has confirmed that the use of idle funds does not change the purpose of the raised funds and is in line with the company's main business activities [5][6]