Core Viewpoint - Benchuan Intelligent's application for public issuance of convertible bonds has been successfully approved, aiming to raise a total of 469 million yuan for various projects and working capital [1]. Group 1: Fundraising and Projects - The company plans to issue convertible bonds to raise up to 469 million yuan, with net proceeds intended for investment in specific projects and working capital [1]. - The total investment for the Zhuhai Shuo Hong project is approximately 356.19 million yuan, with 334.54 million yuan expected to be funded by the raised capital [3]. - The Thailand PCB production base project has a total investment of about 237.58 million yuan, with 105.46 million yuan allocated from the raised funds [3]. Group 2: Project Details - The Zhuhai Shuo Hong project will involve the construction of a new factory with a planned area of about 30,050 square meters, targeting an annual production capacity of 300,000 square meters of various PCB products [3][4]. - The Thailand PCB production base, operated by Aiwel Circuit (Thailand) Co., Ltd., aims for an annual capacity of 250,000 square meters, focusing on double-sided and multi-layer PCBs [4]. - The implementation of these projects is expected to enhance delivery capabilities, reduce international trade barriers, and improve production efficiency through the acquisition of automated equipment [4].

Core Viewpoint - The company is expanding its production capacity across three locations in China and Thailand, focusing on differentiated product offerings to serve various regional markets and customer needs [2]. Group 1: Production Bases and Product Offerings - The Nanjing factory serves as the production base for East China, primarily focusing on high-frequency, high-speed, multi-layer, and high-density boards, targeting customers in the communication, industrial control, and automotive electronics sectors [2]. - The Zhuhai factory is positioned as a smart manufacturing center for South China and a new product trial center, emphasizing advanced technologies such as high multi-layer boards, high-end boards, rigid-flex boards, and embedded component boards, with a focus on emerging fields like AI power servers and robotics [2]. - The Thailand factory is designated as an overseas production base, mainly producing double-sided and multi-layer boards, catering to overseas customers in the industrial control and security sectors [2].