Fundraising Overview - The company raised a total of RMB 616 million through a private placement of 104,761,904 shares at a price of RMB 5.88 per share, with a net amount of RMB 605.22 million after deducting related expenses of RMB 10.78 million [2] Fund Management - The company established a fundraising management system to ensure the proper use of raised funds, adhering to principles of regulation, safety, efficiency, and transparency [3] - The company signed a tripartite supervision agreement with banks and its sponsor to manage the special accounts for the raised funds [3] Project Implementation - The company added a new project, "Special Cables for Rail Transit," as a beneficiary of the raised funds and signed a five-party supervision agreement for the management of these funds [4] Fund Account Cancellation - As of October 9, 2024, the company decided to conclude the fundraising investment projects and permanently supplement the remaining funds into working capital, leading to the cancellation of the fundraising special accounts [5] - The balance in the fundraising special accounts was zero at the time of cancellation, and the relevant agreements with banks and sponsors were terminated accordingly [5][6]

Group 1 - The company raised a total of RMB 61,600 million through a private placement of shares, with a net amount of RMB 60,522.15 million after deducting issuance costs [1][5] - As of June 30, 2025, the company has invested RMB 32,584.91 million in projects funded by the raised capital, with a remaining balance of RMB 1,358.32 million in the special account [1][3] - The company has established multiple special accounts for the management of raised funds, ensuring compliance with regulations and transparency [2][3] Group 2 - The company has committed to invest in two main projects: the construction of special cables for rail transit and special cables for new energy, with actual investments reflecting changes in project implementation [4][5] - Changes in project locations and implementation entities have occurred, leading to a reduction in land area and optimized resource allocation, resulting in lower actual investment amounts compared to initial estimates [5][6] - The company generated RMB 1,487.81 million in interest income from temporarily idle raised funds, which were managed effectively [5][6] Group 3 - The company has permanently supplemented its working capital with RMB 28,106.56 million of surplus raised funds, following the completion of investment projects [5][6] - There have been no instances of external transfer or replacement of the raised funds investment projects [5] - The actual benefits realized from the investment projects are below the promised cumulative benefits by 20% or more, indicating a need for further assessment of project performance [6]