Summary of Key Points Core Viewpoint The report provides a detailed account of Nanjing Guanshi Technology Co., Ltd.'s fundraising activities, including the amount raised, its usage, and management practices, ensuring compliance with regulatory requirements and protecting investor interests. Group 1: Fundraising Overview - The company raised a total of RMB 501,100,500 through the issuance of 18,275,000 shares at RMB 27.42 per share, with net proceeds amounting to RMB 455,867,927.74 after deducting issuance costs [1][2][3] - As of June 30, 2025, the company has utilized RMB 380,779,938.44 of the raised funds, leaving a remaining balance of RMB 98,261,870.03 [1][2][3] - The total amount used in the first half of 2025 was RMB 118,935,655.08, with previous years accounting for RMB 261,844,283.36 [1][2][3] Group 2: Fund Management Practices - The company has established a fundraising management system in compliance with relevant laws and regulations, ensuring funds are stored in dedicated bank accounts [1][2][3] - A tripartite supervision agreement was signed with banks and the sponsor to regulate the use and storage of the funds, which has been strictly adhered to [1][2][3] - As of June 30, 2025, the company has canceled the fundraising accounts as per the regulatory requirements [1][2][3] Group 3: Fund Usage and Project Updates - The company has invested RMB 11,893.56 million in fundraising projects during the reporting period, with a cumulative investment of RMB 38,077.99 million [5][6][7] - A significant portion of the funds has been redirected to the "Photomask Manufacturing Project," with 56.27% of the total funds being reallocated due to market demand fluctuations [5][6][7] - The company has not encountered any issues with the use of funds, and all activities have been reported transparently [5][6][7]