Core Points - The company has approved the conclusion and termination of specific fundraising projects, reallocating surplus funds to enhance liquidity [1][2] - The company has achieved operational readiness for certain projects, while others have been terminated due to market conditions and procedural delays [1] Group 1: Project Updates - The company has completed the fundraising project for the production of 100,000 smart dampers, 15,000 hydraulic dampers for nuclear power plants, and 25,000 accessory units, which are now operational [1] - The marketing network construction project has been terminated due to the current economic downturn and the impact on the construction industry [1] - The research and development center construction project has been terminated due to incomplete land acquisition procedures [1] Group 2: Financial Management - After the conclusion and termination of the fundraising projects, the total balance in the fundraising accounts is approximately 133.28 million yuan, with 11.59 million yuan as surplus funds [2] - The company plans to permanently allocate 120.38 million yuan from the fundraising account to support daily operations and business development [2] - The remaining balance of 12.90 million yuan from another fundraising account will be transferred to the basic account after account cancellation [2]