Meeting Overview - The third board meeting of Jiangsu Huayang Intelligent Equipment Co., Ltd. was held on January 16, 2026, with all 9 directors present [2][5] - The meeting was chaired by Chairman Xu Yunchu and complied with relevant laws and regulations [2] Resolutions Passed - The board approved the proposal to change the use of part of the raised funds, reallocating CNY 81.3122 million from the "Intelligent Precision Injection Medical Device Industrialization Project" to the "Precision Micro Motor and Application Products Intelligent Manufacturing Base Construction Project" [2][14] - The adjustment aims to enhance the efficiency of fund utilization while ensuring the normal operation of the projects [14][25] Fundraising Details - The company raised a total of CNY 399.7307 million from its initial public offering, with a net amount of CNY 345.1581 million after deducting issuance costs [14][16] - The funds are managed in a special account with a tripartite supervision agreement in place [15] Project Investment Overview - The "Intelligent Precision Injection Medical Device Industrialization Project" has a total investment of CNY 310.4175 million, with CNY 210.915 million from raised funds [18] - The "Precision Micro Motor and Application Products Intelligent Manufacturing Base Construction Project" has a total investment of CNY 138.855 million, with CNY 134.2431 million from raised funds [18] Market Analysis - The adjustment in fund allocation is based on the current market trends and the company's strategic planning, aiming to optimize fund distribution and capture market opportunities [22][30] - The demand for precision micro motors is expected to grow significantly due to trends in smart home appliances and the expansion of the central air conditioning market [22][28] Future Shareholder Meeting - A temporary shareholder meeting is scheduled for February 6, 2026, to discuss the approved resolutions [11][37] - The meeting will include provisions for both on-site and online voting [39][41]