Core Viewpoint - The report outlines the fundraising and usage status of Jiangsu Lian Ce Electromechanical Technology Co., Ltd. for the first half of 2025, confirming compliance with relevant regulations and detailing the management of raised funds [1][14]. Fundraising Basic Situation - The company raised a total of RMB 306.24 million through the issuance of 16 million shares at RMB 19.14 per share, with a net amount of RMB 252.07 million after deducting issuance costs [1]. - As of June 30, 2025, the company has a remaining balance of RMB 848,126.06 in the fundraising account [5][12]. Fundraising Management Situation - The company has established a fundraising management system to ensure proper use and storage of funds, including the establishment of special accounts for fundraising [3]. - The company signed tripartite and quadripartite supervision agreements with banks and sponsors to ensure compliance with fundraising regulations [4]. Actual Use of Fundraising - As of June 30, 2025, there were no abnormal situations in the use of funds for investment projects [6]. - The company did not engage in any early investment or replacement of fundraising projects during the reporting period [7][10]. - There were no instances of using idle funds to temporarily supplement working capital [8]. Cash Management of Idle Funds - The company approved the use of up to RMB 50 million of temporarily idle funds for cash management, with a total of RMB 11.83 million utilized for this purpose as of June 30, 2025 [9]. Remaining Fund Usage - The company permanently supplemented working capital with RMB 44.95 million of surplus funds from completed projects, with the remaining balance of RMB 848,126.06 still in the fundraising account [12][16]. Fund Usage and Disclosure Issues - The company has complied with all relevant regulations regarding the storage and actual use of fundraising, with no violations reported [14].