Summary of Key Points Core Viewpoint The report provides a detailed account of Dongguan Darui Electronics Co., Ltd.'s fundraising activities, including the total amount raised, the usage of funds, and the management of these funds as of June 30, 2025. It highlights the company's compliance with regulatory requirements and outlines the financial status of its fundraising projects. Fundraising Overview - The company raised a total of RMB 2,193,016,056.00 through its initial public offering, with a net amount of RMB 2,038,096,865.89 after deducting issuance costs [1] - The funds were fully received by April 12, 2021, and verified by an accounting firm [1] Fund Usage and Balance - As of June 30, 2025, the net amount of raised funds was RMB 203,809.69 million, with cumulative investments in fundraising projects totaling RMB 143,402.16 million [2] - The company invested RMB 16,792.00 million in fundraising projects during the reporting period [2] - The remaining balance of unused funds was RMB 63,419.17 million, including RMB 58,400.00 million temporarily idle for cash management [2] Fund Management - The company established a fundraising management system in compliance with relevant regulations, including a dedicated management method for the storage and use of funds [2] - Special accounts were opened for the management of fundraising funds, and a tripartite supervision agreement was signed with several banks [2][3] Cash Management - The company has been authorized to use up to RMB 11 billion of temporarily idle funds for cash management, with a subsequent approval to use up to RMB 8 billion [6] - As of June 30, 2025, the company earned RMB 518.92 million from cash management activities [8] Project Implementation and Adjustments - The "3C Electronic Assembly Automation Equipment Production Project" and "Wearable Electronic Product Structural Parts Production Project" have reached their intended usable status as of March 25, 2024, and March 25, 2025, respectively [9][10] - The company has not made any changes to the implementation locations or methods of fundraising projects as of June 30, 2025 [12] Surplus Fund Usage - Surplus funds from the projects have been permanently allocated to supplement working capital, with specific amounts detailed for each project [9][10][14] - The company has also reported on the usage of over-raised funds, with a total of RMB 56,869.28 million in surplus funds, of which RMB 1,322.72 million remains unallocated [14]

Group 1 - The core viewpoint of the news is that Dingjia Precision has successfully listed on the Beijing Stock Exchange, marking it as the fifth A-share listed company from Suzhou in 2023 and the 50th listed company from Kunshan [1][2] - Dingjia Precision, established in 2007, specializes in the design, research and development, production, and sales of functional and protective products for consumer electronics, with production bases in Kunshan, Chongqing, and Vietnam [1] - The company has established long-term and stable partnerships with well-known industry players, including Compal Electronics, Luxshare Precision, and BOE Technology Group, with its products ultimately used by major brands like Dell, HP, and Lenovo [1] Group 2 - For the fiscal years 2022, 2023, and 2024, Dingjia Precision reported revenues of 329 million yuan, 367 million yuan, and 408 million yuan respectively, with net profits attributable to the parent company of 53.57 million yuan, 51.95 million yuan, and 59.55 million yuan [2] - In 2022, the company experienced a revenue decline of 15.99% and a net profit decrease of 30.10% due to reduced orders from the consumer electronics sector [2] - The company is expected to see an 11.18% revenue growth and a 14.63% increase in net profit in 2024, as it actively develops new products and expands into new markets [2]

Group 1 - Suzhou Dingjia Precision Technology Co., Ltd. successfully listed on the Beijing Stock Exchange, becoming the first company to transition from the New Third Board to the North Exchange through a green channel [1][3] - Suzhou has achieved a total of 10 new domestic and foreign listed companies in 2023, with 5 of them listed on A-shares, ranking first in the country for new A-share listings [3] - The Jiangsu Equity Exchange Center signed a cooperation memorandum with the National Equities Exchange and Quotations Company, establishing a "green channel" for companies transitioning from the four boards to higher capital markets [3] Group 2 - Dingjia Precision has focused on the design, research and development, production, and sales of functional and protective products for consumer electronics since its establishment in Suzhou in 2007 [4] - The company has multiple production bases in Kunshan, Chongqing, Dongguan, Ma'anshan, and Vietnam, with products used in laptops, tablets, smartphones, servers, AR/VR devices, and expanding into new energy vehicle battery fields [4] - Dingjia Precision has received multiple accolades, including "High-tech Enterprise" and "National Specialized and Innovative 'Little Giant' Enterprise," and holds a total of 208 patents [5] Group 3 - The company issued 20 million shares at a price of 11.16 yuan per share, raising 223 million yuan, which will be used to expand production capacity for precision functional devices in consumer electronics [6] - With Dingjia Precision's successful listing, the total number of listed companies in Suzhou reached 275, including 223 A-share companies, ranking fifth nationally [7]

Group 1 - Dongguan's major projects completed an investment of 746.64 billion yuan in the first half of 2025, representing a year-on-year increase of 5.52% and a progress rate 3.0 percentage points faster than the same period last year [1] - A total of 109 new major projects were initiated, and 45 major projects were completed and put into operation [1] - Key projects that started construction in June include the Dongguan Binhai Bay New Area East Resettlement Housing Project and the Baoxun Plastic Mold Production Headquarters Project [1] Group 2 - The Dongguan Binhai Bay New Area East Resettlement Housing Project covers an area of approximately 76.28 acres with a total investment of 1.5 billion yuan, expected to provide over 1,600 high-quality residential units upon completion in 2028 [2] - The project aims to enhance the living environment and accelerate land consolidation efforts in the ShaJiao Peninsula area [2] - The community will feature various public service facilities, including an underground garage, multi-functional commercial street, community service station, cultural activity room, and elderly care center [2] Group 3 - The Baoxun Plastic Mold Production Headquarters Project occupies about 58.76 acres with a total investment of 820 million yuan, focusing on the research and production of smart wearable structural components and electronic product structural components [4] - The project is located in the Houjie Town Modern Industrial Park and is expected to be completed by 2027 [4] - Baoxun Plastic Mold Co., Ltd. is a national high-tech enterprise with 28 patents, specializing in precision plastic parts for smart wearables [4] Group 4 - The Chang'an Huamao Intelligent Terminal R&D and Production Project spans approximately 195.98 acres with a total investment of 2 billion yuan, focusing on electronic information products and automotive precision structural components [6] - The project includes multiple production and research facilities and was completed in June 2025 [6] - It aims to manufacture smart phones and electronic information products [6] Group 5 - The Darui New Materials and Intelligent Equipment Headquarters Project covers about 119.34 acres with a total investment of 1.5 billion yuan, focusing on the production of precision functional components for consumer electronics and wearable products [8] - The project is expected to generate an annual output value of 2 billion yuan and create 3,000 jobs upon completion [8] - It aims to establish a regional headquarters in Hongmei [8]

Core Viewpoint - The company has adjusted the implementation progress of certain fundraising projects, concluded some projects, and decided to permanently supplement working capital with surplus and remaining over-raised funds [1][6][10]. Fundraising Basic Situation - The company raised a total of RMB 2,193,016,056.00 from its initial public offering, with a net amount of RMB 2,038,096,865.89 after deducting issuance costs [1][2]. Fundraising Usage Situation - As of the announcement date, the company has committed to various investment projects, with specific amounts allocated and progress tracked [2][3]. Adjustments to Project Implementation Progress - The implementation timeline for two projects has been extended from March 25, 2025, to September 25, 2026, without changing the project content or funding usage [3][10]. Conclusion of Certain Projects - The "Wearable Electronic Product Structural Component Production Project" has been completed and is eligible for conclusion, with a total investment of RMB 16,820.22 million, of which RMB 16,294.40 million was from raised funds [4][6]. Surplus Fund Usage Plan - The company plans to use surplus funds of RMB 1,442.65 million from the concluded project to permanently supplement working capital [4][9]. Remaining Over-raised Funds - The total amount of remaining over-raised funds is RMB 56,869.28 million, with plans to use RMB 4,842.46 million of this for working capital [5][7]. Approval Process - The adjustments and fund usage plans have been approved by the company's board of directors and supervisory board, ensuring compliance with relevant regulations [10][11].