Core Viewpoint - The company intends to use part of its idle raised funds to temporarily supplement working capital, ensuring compliance with relevant regulations and maintaining the integrity of its investment projects [2][7]. Fundraising Overview - The company successfully raised a total of RMB 698.62 million through its initial public offering, with a net amount of RMB 640.98 million after deducting issuance costs [2][3]. - The company has established a dedicated account for the raised funds and signed a tripartite supervision agreement with the bank and sponsor [3]. Investment Project Details - The raised funds are allocated to several projects, including: - High-quality welding wire intelligent production line construction - Special high-alloy welding wire preparation project - Engineering technology center construction project - As of June 30, 2025, the company has utilized RMB 357.98 million of the raised funds, with RMB 170 million temporarily used for working capital [4][5]. Previous Use of Idle Funds - The company previously approved the temporary use of RMB 170 million of idle funds for working capital, which was fully returned to the dedicated account by July 31, 2025 [5][6]. Current Plan for Idle Funds - The company plans to use up to RMB 50 million of idle raised funds for temporary working capital, with a usage period not exceeding 12 months [6][7]. - This usage is aimed at improving fund efficiency and reducing operational costs, with an expected savings of RMB 1.5 million in financial expenses based on current bank loan rates [6]. Approval Process and Sponsor Opinion - The board of directors approved the use of idle funds, ensuring that the investment projects' funding needs are met [7]. - The sponsor has confirmed that the company's actions comply with relevant regulations and do not harm the interests of the company or its shareholders [7].