Core Viewpoint - The company, Xiamen Qianzhao Optoelectronics Co., Ltd., is utilizing bank acceptance bills, letters of credit, and its own foreign exchange to pay for fundraising investment projects and replace the funds with an equivalent amount of raised funds, which is deemed beneficial for improving fund utilization efficiency and reducing financial costs [1][4]. Summary by Sections Fundraising Basic Situation - The company issued 187,500,000 A-shares at a price of RMB 8.00 per share, raising a total of RMB 1,500,000,000, with a net amount of RMB 1,479,236,230.55 after deducting issuance costs [1]. Payment Operation Process - **Bank Acceptance Bills**: The company establishes a detailed ledger for payments made via bank acceptance bills, submits payment applications, and compiles monthly summaries for reporting to the sponsor [2]. - **Letters of Credit**: Similar procedures are followed for letters of credit, including establishing a detailed ledger and compiling monthly summaries for the sponsor [3]. - **Foreign Exchange Payments**: The company also follows a structured process for foreign exchange payments, maintaining a detailed ledger and reporting to the sponsor [4]. Impact on the Company and Subsidiaries - The use of these payment methods is expected to enhance the efficiency of fund utilization, lower financial costs, and optimize payment methods for investment projects, aligning with the interests of the company and its shareholders [4]. Approval Procedures and Opinions - The company has undergone necessary decision-making processes, with the relevant proposals approved by the board of directors and the supervisory board [5].