Group 1 - The company has decided to terminate the "Zhuhai R&D Center Construction Project" and redirect the raised funds of 83.6017 million RMB to the "Jinshan Factory Upgrade Project" [2] - The total investment for the Jinshan Factory Upgrade Project is 124.0057 million RMB, which will be used for land acquisition and construction [2] - The company successfully acquired land use rights for 70.6259 million RMB through a public bidding process [2] Group 2 - The acquisition of land use rights will facilitate the implementation of the Jinshan Factory Upgrade Project, enhancing the efficiency of fund utilization and supporting the company's long-term development [3] - The contract signing will not affect the company's existing business operations and will not have a significant impact on its financial status or operating results [3] - The project is expected to bring returns to shareholders without harming the interests of the company and all shareholders [3]

Group 1 - The company has decided to terminate the "Zhuhai R&D Center Construction Project" and redirect the raised funds of 83.6017 million RMB to the new "Jinshan Factory Upgrade Project" [1][2] - The total investment for the Jinshan Factory Upgrade Project is 124.0057 million RMB, which will be used for land acquisition and construction [1][2] - The project was approved in the second extraordinary shareholders' meeting held on July 28, 2025 [1] Group 2 - The company successfully acquired land use rights and buildings in Jinshan District for 70.6259 million RMB through a public bidding process [2] - The signing of the property transaction contract is expected to accelerate the implementation of the fundraising project and enhance the efficiency of fund utilization [2] - The contract signing will not affect the company's existing business operations or have a significant impact on its financial status and operating results [2]