Core Viewpoint - The company has utilized its own funds to pay for part of the fundraising investment projects and plans to replace these with raised funds within six months, ensuring compliance with regulatory requirements and maintaining the integrity of the fundraising process [1][4][5] Fundraising Basic Information - The company was approved to issue 84.335 million shares at a price of 14.23 RMB per share, raising a total of 1.2000871 billion RMB, with a net amount of 1.0657200 billion RMB after deducting issuance costs of 134.3671 million RMB [1][2] Fundraising Investment Project Details - The total investment for the fundraising projects is 839.2416 million RMB, with specific projects including: - Annual production of 19.1 million automotive air conditioning parts - Annual production of 4.9 million fuel distribution pipes and other automotive components - R&D center construction [2] Reasons for Using Own Funds - The company faced practical difficulties in directly using raised funds for certain expenses, such as employee salaries and purchasing foreign equipment, leading to the decision to use its own funds initially [3] Process for Fund Replacement - The company follows a structured payment application process, where the finance department first pays using its own funds and then replaces these with raised funds within six months [3] Impact on the Company - Utilizing its own funds for part of the investment projects enhances the efficiency of fund usage and reduces financial costs, without affecting the normal operation of the company or the implementation of the investment projects [4] Review Procedures and Opinions - The board of directors and the supervisory board approved the use of own funds for the investment projects, confirming that the necessary approval processes were followed and that this action would not harm shareholder interests [4][5] Sponsor Institution's Verification Opinion - The sponsor institution has verified that the company's actions comply with relevant regulations and will not alter the intended use of raised funds or harm the interests of the company and its shareholders [4][5]