Fundraising Overview - The company raised a total of RMB 252,259,336.34 from the issuance of 27,966,667 shares at a price of RMB 9.02 per share, with a net amount of RMB 200,143,376.04 after deducting issuance costs [1][2] - The funds were fully received by May 7, 2021, and have been verified by an accounting firm [1] Fund Utilization - As of June 30, 2025, the company has utilized RMB 155,297,638.54 for fundraising projects and RMB 50,143,376.04 for working capital, with a remaining balance of RMB 603,496.90 in the special account [1][2] - Interest income from the funds amounted to RMB 3,966,052.66, and investment income from financial products was RMB 1,938,713.04 [1] Fund Management - The company has established a fundraising management system in compliance with relevant laws and regulations, ensuring that funds are managed in a dedicated account with clear oversight [2] - A tripartite supervision agreement was signed with banks and the sponsor to clarify responsibilities and obligations [2] Project Status - The company has not experienced any early investment or replacement of fundraising projects during the reporting period [3][4] - There were no instances of using idle funds for temporary working capital or cash management [4] Changes in Fundraising Projects - The company approved changes to the implementation subject and location of the "Intelligent Manufacturing Industrialization Project for Core Aviation Components" [4][6] - The project is now expected to be operational by December 2025, with the sponsor providing no objections to the changes [4][6] Compliance and Disclosure - The company has adhered to the regulations regarding the management and disclosure of fundraising, ensuring timely and accurate reporting of fund storage and usage [4][5]

Core Viewpoint - The company has decided to postpone the implementation timeline of its aviation core components intelligent manufacturing project due to various factors, including international export restrictions and the need for equipment adjustments to meet customer requirements [1][5][7] Fundraising Overview - The company raised a total of RMB 252.26 million through its initial public offering, with a net amount of RMB 252.26 million after deducting issuance costs [1][2] - The fundraising was approved by the China Securities Regulatory Commission on March 23, 2021, allowing the issuance of 27.97 million shares at a price of RMB 9.02 per share [1] Project Status and Changes - As of March 28, 2025, the total investment amount for the aviation core components intelligent manufacturing project is expected to reach RMB 205.44 million, with an actual investment of RMB 200.14 million [2][3] - The project has undergone changes in its implementation location and subject, moving from Suzhou to Nanjing and then to Zhengzhou, to optimize resource allocation and enhance production efficiency [3][4] Reasons for Delay - The delay is attributed to stricter export controls on high-end CNC machine tools, which have extended the import approval process and complicated equipment acquisition [5][6] - Adjustments to equipment specifications and parameters to better align with customer needs have also contributed to the extended timeline [5][6] Impact of Delay - The postponement of the project timeline does not affect the total investment amount, investment purpose, or construction scale, ensuring that shareholder interests remain protected [5][6] - The company plans to extend the expected usable status of the project to March 2025, with a focus on maintaining project quality and compliance with regulatory requirements [4][5] Approval Process - The board of directors and the supervisory board have approved the project delay, confirming that it aligns with the company's development strategy and does not adversely affect project implementation [6][7] - The supervisory board has expressed that the decision is prudent and complies with relevant regulations, ensuring no harm to the company's or shareholders' interests [6][7]