Summary of Key Points Core Viewpoint - The company has completed certain fundraising projects and plans to permanently supplement its working capital with the remaining funds, which is deemed a prudent decision to enhance the efficiency of fund utilization [1][5]. Fundraising and Project Overview - The total amount raised was approximately RMB 837.48 million, with a net amount of RMB 821.76 million after deducting issuance costs [1][2]. - The company established a special account for the management of the raised funds, ensuring compliance with relevant regulations [2]. Project Status and Adjustments - The completion date for the Tai'an Equipment Production Line project has been postponed from March 30, 2025, to September 30, 2025, due to actual project progress [2][3]. - The Tai'an Equipment Production Line project has been completed and is now operational, with a total investment commitment of RMB 250 million, of which 30.74% remains unspent [4][5]. Reasons for Fund Surplus - The surplus funds arose from delayed payments for procurement and renovation contracts, allowing the company to enhance fund efficiency by reallocating these funds to daily operations [5]. Plan for Surplus Funds - The company intends to permanently allocate the surplus funds of RMB 76.86 million to working capital, which includes unpaid project balances and interest income [5][6]. Approval Process - The independent directors and the board of directors have approved the decision to conclude certain fundraising projects and reallocate surplus funds, emphasizing that this decision aligns with the company's long-term development goals [6].