Core Viewpoint - The company has completed the conclusion of certain fundraising projects and plans to permanently supplement its working capital with the remaining funds, while also terminating some fundraising projects and continuing to manage the remaining funds in a dedicated account [2][10]. Fundraising Basic Situation - The company raised a total of RMB 161,846.38 million from its initial public offering, with a net amount of RMB 153,596.90 million after deducting issuance costs [2][3]. - As of June 30, 2025, the company has invested RMB 101,216.57 million, representing 65.90% of the committed investment [3]. Fundraising Project Status - The "East China R&D and Technical Service Center Construction Project" has been concluded, with remaining funds of RMB 3,211.84 million to be used for working capital after settling outstanding payments [5][10]. - The "East China Machine Vision Industrial Park Construction Project" has been terminated due to delays in obtaining necessary permits and changes in market demand, with a total planned investment of RMB 30,659.78 million [5][10]. Project Termination Reasons - The termination of the "East China Machine Vision Industrial Park Construction Project" is attributed to the expansion of downstream product demand beyond the original project scope and the company's comprehensive product line upgrade [9][10]. - The project was initially planned to meet specific market needs, but the evolving market landscape has necessitated a reevaluation of the project’s viability [9][10]. Future Plans - The company intends to seek new investment projects while continuing to evaluate existing projects for potential additional investments [10]. - The remaining funds from the terminated project will continue to be managed in accordance with fundraising management requirements [10]. Internal Review Process - The board of directors and the supervisory board have approved the conclusion of certain fundraising projects and the management of remaining funds, ensuring compliance with relevant regulations [11][12]. Sponsor Institution Opinion - The sponsor institution supports the company's decisions regarding the conclusion and management of fundraising projects, affirming that these actions align with the company's operational realities and long-term strategy [12][13].

Core Viewpoint - Guangdong has emerged as a significant hub for technological innovation and economic transformation in China, showcasing a robust manufacturing base, active tech ecosystem, and favorable business environment, which has led to the rise of numerous successful companies [2][3][4]. Group 1: Economic and Industrial Landscape - Guangdong is home to over 19 million business entities, accounting for 10% of the national total, and has formed nine trillion-yuan industrial clusters, with electric vehicle production representing 25% of the national output and industrial robots 44% [3][4]. - The province has successfully transitioned to high-quality economic development, with a focus on technological and industrial innovation, attracting global investment and re-evaluating asset values in China [3][4]. Group 2: Technological Advancements - The integration of artificial intelligence (AI) into various industries is reshaping competitive dynamics, with a focus on application scenarios and chain innovation as key strategies for economic success [4][10]. - Guangdong's industrial robot production reached 248,600 units in 2024, representing 44% of the national output, and the region is recognized as a global leader in the robotics industry [14]. Group 3: Innovation Ecosystem - The establishment of innovation centers, such as the Shenzhen disruptive technology innovation center, signifies Guangdong's commitment to deepening innovation and enhancing technology transfer efficiency [5]. - The province has developed a "super aggregation" model for innovation, with 77,000 high-tech enterprises and numerous research facilities, fostering a collaborative environment for startups and established companies [9][10]. Group 4: Talent Development - Guangdong is actively pursuing a "Million Talents Gather in South Guangdong" initiative to attract high-quality talent, particularly in emerging industries like AI, robotics, and biotechnology [17][20]. - The province's talent pool includes over 10 million professional and skilled workers, positioning it as a leader in human resources for technological advancement [20]. Group 5: Regional Integration and Collaboration - The Guangdong-Hong Kong-Macao Greater Bay Area initiative enhances regional connectivity and innovation collaboration, creating a conducive environment for cross-border research and development [21][22]. - The integration of infrastructure and regulatory frameworks within the Greater Bay Area facilitates smoother innovation processes and resource allocation, further boosting Guangdong's economic dynamism [21][22].