Core Viewpoint - The company, Shandong Kehui Power Automation Co., Ltd., has announced a delay in some of its fundraising projects, which is a prudent decision based on the actual progress of the projects and does not alter the investment content or total amount [2][6]. Fundraising Basic Situation - The company successfully issued 26.17 million shares at a price of RMB 19,282,662.77, resulting in a net fundraising amount of RMB 45,623,360.81 as of May 31, 2025 [2][3]. Fund Usage Status - The fundraising projects include the "Smart Grid Fault Monitoring and Automation Product Upgrade Project" and the "Modern Electrical Automation Technology Research Institute Construction Project," with specific funding amounts and progress reported [4][5]. Delay of Fundraising Projects - The company plans to postpone the expected completion dates for the projects to December 2025 due to the need for synchronization in project implementation and ongoing construction progress [5][6]. Measures to Ensure Completion - The company will adhere to relevant regulations and strengthen supervision over the use of fundraising, ensuring that the projects are completed on time despite the delays [6][7]. Impact of Delay - The delay is not expected to have a significant adverse effect on the company's normal operations or long-term development plans, as it does not change the investment direction or harm shareholder interests [6][8]. Review Procedures - Both the board of directors and the supervisory board have approved the delay, confirming that the decision complies with regulatory requirements and does not harm shareholder interests [6][7].

Core Viewpoint - The company has decided to postpone the completion dates for certain fundraising projects while maintaining the original investment content, total investment amount, and implementation subjects, ensuring no substantial impact on project execution [1][5][6]. Fundraising Basic Information - The company issued 26.17 million shares at a price resulting in a net fundraising amount of approximately RMB 19.28 million after deducting various fees [1]. - As of May 31, 2025, the total balance of the fundraising in dedicated accounts is RMB 45.62 million, excluding RMB 59 million in idle funds used for cash management [2]. Fund Usage Status of Postponed Projects - The "Smart Grid Fault Monitoring and Automation Product Upgrade Project" and "Modern Electrical Automation Technology Research Institute Construction Project" are the two projects affected by the postponement [2][4]. - The cumulative investment in the "Smart Grid Fault Monitoring and Automation Product Upgrade Project" and the "Modern Electrical Automation Technology Research Institute Construction Project" is being monitored, with specific amounts to be detailed [2]. Reasons for Postponement - The postponement is based on the actual progress of the projects, with the "Smart Grid Fault Monitoring and Automation Product Upgrade Project" expected to reach a usable state by December 2025 due to ongoing equipment procurement and installation [4]. - The "Modern Electrical Automation Technology Research Institute Construction Project" is also postponed to December 2025, as its facilities need to be upgraded in sync with the aforementioned project [4]. Measures to Ensure Timely Completion Post-Delay - The company will adhere to relevant regulations and strengthen supervision over the use of fundraising, ensuring legal and effective utilization of funds [4]. - The company plans to closely monitor market changes and project progress, coordinating internal and external resources to mitigate risks associated with fundraising [4]. Impact of Postponement on the Company - The postponement is a prudent decision based on project implementation realities and does not alter the investment content or total amount, ensuring no adverse effects on normal operations [5][6]. - The decision aligns with regulatory requirements and does not harm shareholder interests, as confirmed by both the board and supervisory committee [6][7].