Summary of Key Points Core Viewpoint The report provides a detailed account of the fundraising activities and the management of the raised funds by Guangqi Technology Co., Ltd. as of June 30, 2025, ensuring compliance with regulatory requirements and transparency in fund usage. Group 1: Fundraising Overview - The company raised a total of RMB 689.4 million through a non-public offering of 96,690,040 shares at RMB 7.13 per share, with net proceeds amounting to RMB 683.77633 million after deducting various fees [2][3]. - As of June 30, 2025, the company had utilized RMB 432.69482 million of the raised funds, with RMB 200 million allocated for permanent working capital [3][4]. Group 2: Fund Management and Compliance - The company has established a dedicated fund management system in accordance with relevant laws and regulations, including a special account for the raised funds [4][5]. - The company signed multiple tripartite agreements with banks and underwriters to ensure proper oversight and management of the funds [5][6]. Group 3: Fund Usage and Adjustments - The company has made adjustments to its fundraising projects, including changes in project implementation entities and reallocating funds for new projects [6][8]. - As of June 30, 2025, the remaining balance of the raised funds was RMB 339.53893 million, which includes interest and cash management income [3][13]. Group 4: Cash Management - The company has been authorized to use up to RMB 350 million of temporarily idle funds for cash management, with RMB 269 million utilized for this purpose as of the first half of 2025 [14][15]. - The company has maintained compliance with its cash management policies, ensuring that the funds are used in a manner that does not affect project construction [14][15]. Group 5: Reporting and Transparency - The company has ensured that all disclosures regarding the use of raised funds are timely, accurate, and complete, with no violations reported [15][31]. - The board and supervisory committee have approved the reports on fundraising and fund usage, confirming their compliance with legal and regulatory standards [30][31].