Fundraising Overview - The company raised a total of RMB 289,999,983.96 by issuing 5,300,676 shares at a price of RMB 54.71 per share, with a net amount of RMB 286,793,538.38 after deducting issuance costs [1] - The funds have been verified and deposited into the company's fundraising supervision account as of September 15, 2023 [1] Fund Allocation and Project Adjustments - The company has approved adjustments to the fundraising projects, specifically for the "Malaysia Production Base Project" and the addition of a new project, the "Malaysia R&D Center Project" [2] Fund Management and Supervision - A tripartite supervision agreement has been signed among the company, its wholly-owned subsidiary in Malaysia, and the Bank of China (Malaysia) Berhad to ensure proper management and usage of the raised funds [3] - The agreement stipulates that the funds will only be used for the designated projects and outlines the responsibilities of the parties involved in monitoring fund usage [4][5] Reporting and Compliance - The bank is required to provide monthly account statements to the company and the sponsor, ensuring transparency in fund management [6] - The sponsor has the authority to conduct regular audits and investigations into the fund usage, with specific protocols for reporting any discrepancies [5][6]