Core Viewpoint - The company Qingdao Pangu Intelligent Manufacturing Co., Ltd. has completed certain fundraising projects and plans to permanently supplement its working capital with the remaining funds from these projects [2][6]. Fundraising Basic Situation - The company was approved to publicly issue 37.15 million shares at a price of RMB 37.96 per share, raising a total of RMB 1,410,214,000. After deducting issuance costs of RMB 122,513,356.71, the net amount raised was RMB 1,287,700,643.29 [2][3]. Fundraising Investment Project Situation - The total investment amount for the projects funded by the raised capital was RMB 75,000,000, with the net amount raised exceeding the required investment by RMB 537,700,643.29 [4]. Fundraising Usage and Surplus Situation - The project "Pangu Intelligent (Shanghai) Technology R&D Center" has reached the intended usable state, and the company has completed the project. As of June 27, 2025, the surplus funds from this project amounted to RMB 47,284,900 [5][6]. Reasons for Surplus Funds - The surplus was primarily due to effective and economical management of the project, which included careful cost control and resource allocation, resulting in lower construction costs and some investment income from cash management of idle funds [5]. Plan for Surplus Fund Usage - The company plans to use the surplus funds of RMB 4,728,490 to permanently supplement its working capital for daily operations, which will improve the efficiency of fund usage and optimize the company's financial structure [6][7]. Impact of Surplus Fund Usage - The decision to use surplus funds for working capital is based on actual operational needs and is expected to enhance fund efficiency without negatively impacting production or shareholder interests [6][7]. Review Procedures and Opinions - Both the Board of Directors and the Supervisory Board have approved the proposal to conclude the fundraising project and use the surplus funds for working capital, confirming that it aligns with the company's development needs and complies with relevant regulations [6][7]. Sponsor's Verification Opinion - The sponsor, Guojin Securities, has verified that the project conclusion and the use of surplus funds for working capital have been approved by the Board and Supervisory Board, and the procedures comply with regulatory requirements [7].