Group 1 - The company plans to use up to RMB 700 million of idle raised funds for cash management, ensuring it does not affect the normal operation of fundraising projects [2][6][15] - The raised funds from the initial public offering amounted to RMB 1.858 billion, with a net amount of RMB 1.726 billion after deducting issuance costs [2][20] - The company has established special accounts for the management of raised funds, ensuring compliance with regulatory requirements [3][21] Group 2 - The company has approved the use of idle funds for cash management to enhance fund utilization efficiency and increase returns for shareholders [6][12][15] - The cash management will involve investments in low-risk, high-liquidity products with a maximum investment period of 12 months [9][10][12] - The company will disclose information regarding cash management activities in accordance with relevant regulations [11][12] Group 3 - The company has decided to postpone the timeline for certain fundraising investment projects without changing the investment content or total amount [20][31] - The delay is attributed to the need for further evaluation of market conditions and project progress [26][31] - The company emphasizes that the postponement will not adversely affect its normal operations or the interests of shareholders [27][31]

Core Viewpoint - The company plans to utilize up to RMB 700 million of temporarily idle raised funds for cash management, ensuring that it does not affect the normal operation of fundraising investment projects and guarantees fund safety [1][6][7]. Fundraising Basic Situation - The company raised a total of RMB 1,858.5324 million through its initial public offering, with a net amount of RMB 1,858.5324 million after deducting various issuance costs [1][2]. Fundraising Investment Project Basic Situation - The company has allocated RMB 980 million for the construction of a production base for variable frequency drives, servo systems, and elevator systems, with a total project cost of RMB 1 billion [3]. Cash Management Basic Situation - The purpose of cash management is to improve the efficiency of fund usage and increase returns while ensuring that it does not impact the company's normal operations or fundraising project construction [4]. - The cash management will involve investing in high-security, high-liquidity, and capital-preserving investment products, with a maximum investment period of 12 months [4]. - The funds will be sourced from temporarily idle raised funds, including any excess funds raised [4]. Implementation and Disclosure - The board of directors is authorized to manage cash management activities within the specified limits and timeframe, with the finance department responsible for implementation [4]. - The company will comply with relevant regulations for timely information disclosure regarding cash management activities [4]. Opinions from Supervisory Board and Sponsor - The supervisory board supports the cash management plan, stating it is beneficial for utilizing idle funds effectively and does not harm the interests of the company or shareholders [7]. - The sponsor has confirmed that the cash management plan has followed necessary legal procedures and complies with relevant regulations [7][8].

Core Viewpoint - The company plans to use remaining raised funds of 212.6831 million yuan to permanently supplement its working capital, which requires approval from the shareholders' meeting [1][5][6]. Fundraising Overview - The company raised a total of 1,858.5324 million yuan from its initial public offering (IPO) by issuing 37.192963 million shares at a price of 49.97 yuan per share, with a net amount after expenses being 1,740.0000 million yuan [1][2]. - The total amount of excess raised funds is 746.2786 million yuan, with the current proposal to use 212.6831 million yuan representing 28.50% of the total excess funds [4][6]. Investment Project Details - The company has allocated 980 million yuan for the construction of a production base for variable frequency drives, servo systems, elevators, and construction hoist system integration [3]. Usage of Remaining Funds - The remaining funds will be used to ensure the efficiency of fund utilization and to lower financial costs while meeting the operational needs of the company [3][5]. - The company commits that the cumulative use of excess funds for working capital will not exceed 30% of the total excess funds within any 12-month period [5][6]. Approval Process - The proposal to use the remaining excess funds was approved in the board and supervisory meetings held on August 22, 2025, and is pending approval from the shareholders' meeting [5][6]. - The sponsor has confirmed that the decision-making process complies with relevant laws and regulations, ensuring that it does not affect the implementation of fundraising projects [6][7].

Core Viewpoint - The company has announced a delay in the completion of two major projects, extending their timelines to September 2028 and August 2028, respectively, due to various challenges faced during the construction process [1] Project Delays - The completion date for the 'Variable Frequency Drive, Servo System, Elevator and Construction Hoist System Integration Production Base Construction Project' has been postponed from September 2025 to September 2028 [1] - The 'Marketing Service Network and Information Technology Upgrade Construction Project' has also been delayed from August 2025 to August 2028 [1] Reasons for Delay - The delays are attributed to several practical issues encountered during the project construction, including unfinished factory renovations, equipment procurement, and personnel recruitment [1] - Changes in the market environment and industry development have necessitated a reassessment of the marketing service network layout and research requirements [1] - Customization and personalization demands for the information technology system upgrade have also contributed to the delays [1] Impact on Operations - The company stated that these delays will not have a significant adverse impact on its normal operations [1] - The company will closely monitor changes in the market environment and plan project construction progress rationally to optimize resource allocation and ensure timely project completion [1]