Fundraising Overview - The company, Kunshan Guoli Electronics Technology Co., Ltd., raised a total of RMB 236,499,700.01 through its initial public offering, with 2,389 million shares issued at a price of RMB 12.04 per share [1] - The funds raised have been verified by Rongcheng Accounting Firm, which issued a verification report [1] Fund Management and Usage - The company has established a fundraising management system in compliance with relevant regulations to ensure proper management and usage of the raised funds [2] - Special accounts for the raised funds were opened at various banks, including Industrial and Commercial Bank of China, Bank of Communications, Shanghai Pudong Development Bank, and China Merchants Bank, with a tripartite supervision agreement signed with the underwriter and banks [2] Account Cancellation - The company has recently completed the cancellation of certain fundraising special accounts, including those at Industrial and Commercial Bank of China and Bank of Communications, to streamline fund account management [3] - The cancellation of these accounts will terminate the corresponding tripartite supervision agreements with the underwriter and the banks [3]

Core Viewpoint - The company Guokai Co., Ltd. (688103.SH) announced a share reduction plan by its shareholder Zhang Yuekang, who intends to sell up to 165,300 shares, representing no more than 0.17% of the total share capital, due to personal financial needs [1][2]. Group 1: Share Reduction Plan - Shareholder Zhang Yuekang plans to reduce his holdings by a maximum of 165,300 shares, which is up to 0.17% of the company's total share capital [1][2]. - The reduction will be executed through centralized bidding within three months after the announcement, starting from 15 trading days post-announcement [1][2]. - Zhang Yuekang holds a total of 165,300 shares, all acquired before the IPO, which became tradable on September 10, 2024 [2]. Group 2: Company Governance and Control - The actual controller of the company, Yin Jianping, and Kunshan Guoyi Investment Management Center (Limited Partnership) will not reduce their holdings during this share reduction period [2]. - Zhang Yuekang is identified as a concerted actor with the actual controller Yin Jianping, being the brother-in-law of Yin's spouse [2]. Group 3: Financial Performance and Fundraising - Guokai Co., Ltd. raised a total of 288 million yuan from its IPO, with a net amount of 236 million yuan after deducting issuance costs, which was 243 million yuan less than the planned amount of 479 million yuan [3]. - The company has issued convertible bonds totaling 480 million yuan in 2023, with a net amount of approximately 467 million yuan after fees [4]. - The company's net profit for 2023 was 64.19 million yuan, a decrease of 24.85% year-on-year, and for 2024, it further declined to 30.24 million yuan, down 52.89% [4][6].