Fundraising Overview - The company has received approval from the China Securities Regulatory Commission for its initial public offering (IPO), allowing it to issue 34.19 million shares at a price of RMB 15.38 per share, raising a total of RMB 525.84 million, with a net amount of RMB 457.44 million after deducting issuance costs [2]. Fund Management and Regulatory Compliance - The company has established a special account for the raised funds and signed a tripartite supervision agreement with CITIC Securities and Jiujiang Bank to ensure proper management and protection of investor rights [3][4]. - The special account is designated solely for the "Electronic Technology Park and High-end Smart Home Industrial Park Project," with a total of RMB 63.45 million stored in this account [4]. Agreement Details - The tripartite agreement outlines the responsibilities of each party, including the management of the special account, cash management procedures, and the requirement for monthly account statements to be provided to the sponsor [5][6]. - The agreement stipulates that any withdrawal exceeding RMB 50 million or 20% of the net raised funds must be reported to the sponsor within five working days [7][8]. Compliance and Monitoring - The sponsor is responsible for ongoing supervision of the fund management and usage, with the right to conduct on-site inspections and inquiries [6][8]. - The agreement will remain in effect until all funds are fully utilized and the supervision period by the sponsor concludes [8][9].

Core Viewpoint - Xueqi Electric plans to invest in an electronic technology park and a high-end smart home industrial park in Hefei, with a total investment of 500 million RMB to optimize its industrial structure and support future business development [1] Group 1: Investment Plans - The company will sign an investment cooperation agreement with the Hefei Economic Development Zone Management Committee [1] - The planned investment project will cover an area of approximately 60 acres [1] Group 2: Financial Performance - For the first half of 2025, Xueqi Electric's revenue composition is as follows: 93.12% from electrical machinery and equipment manufacturing, 3.71% from other businesses, and 3.17% from computer, communication, and other electronic equipment manufacturing [1] - The company's current market capitalization is 2.6 billion RMB [1]