Key Points - The company Shanghai Yanpu Precision Technology (Group) Co., Ltd. has announced an increase in the implementation entities and locations for certain convertible bond fundraising projects [1][3][10] - The total amount raised from the convertible bonds issued in November 2022 was approximately RMB 379.65 million, with 3.84 million bonds issued at a face value of RMB 100 each [1][2] - The company has established a special account for the management and use of the raised funds to protect investor rights [1][7] Fundraising Usage - As of June 30, 2025, the company has allocated funds to various projects, including the "Great Wall Automobile Seat Frame Project" and the "Chongqing Yanpu Automotive Parts Co., Ltd. New Energy Vehicle Seat Frame and Battery Pack Shell Production Line Project" [2][4] - The "Great Wall Automobile Seat Frame Project" has seen an investment of RMB 10,517.39 million, with a completion status of 94.17% as of June 2025 [2][4] Project Adjustments - The implementation of the "Great Wall Automobile Seat Frame Project" was originally planned to be carried out by Jingmen Yanpu Automotive Parts Co., Ltd. and Jinhua Yanpu Automotive Parts Co., Ltd., with locations in Jingmen and Jinhua [3][5] - The company has added Shanghai Yanpu Precision Technology (Group) Co., Ltd. as an additional implementation entity and a new location in Shanghai for the project, without changing the investment direction or total amount [3][5][9] Compliance and Oversight - The adjustments to the project implementation entities and locations have been approved by the company's board of directors and do not adversely affect the company's financial status or operations [9][10] - The company will open a special account for the raised funds and sign a regulatory agreement with the sponsoring institution and the bank [7][10]