Core Viewpoint - The company has decided to postpone the re-evaluation and implementation of certain fundraising investment projects due to macroeconomic fluctuations and changes in market conditions, aiming for a more thorough analysis before proceeding [1][3][4]. Fundraising Basic Information - The company was approved by the China Securities Regulatory Commission to issue up to 170,900,000 shares, raising a total of 110 million yuan [1][2]. - The funds are stored in a dedicated account, with a regulatory agreement in place with the sponsoring institution and the commercial bank [1]. Fundraising Investment Projects and Usage - As of June 30, 2025, the company has invested 92,925.42 million yuan in projects, including: - Annual production of 15,000 tons of high-performance soft magnetic ferrite materials and devices - High-performance permanent magnet ferrite green manufacturing project - Supplementing the company's working capital [2]. Reasons for Postponement and Future Plans - The board and management have conducted extensive research on industry conditions and have decided that a more comprehensive re-evaluation is necessary, leading to the postponement of the projects [3]. - The company expects to complete the re-evaluation of the fundraising investment projects by the end of 2025 [3]. Impact of Postponement on the Company - The decision to postpone the re-evaluation and implementation of fundraising investment projects is based on careful consideration of the macroeconomic environment and industry trends, and it will not significantly impact the company's current operations [4]. - In the long term, this postponement is expected to optimize resource allocation and enhance shareholder value [4]. Review Procedures and Opinions - The board and supervisory committee have both approved the postponement, confirming that it aligns with regulatory requirements and does not harm shareholder interests [4][5]. - The sponsoring institution has also expressed no objections to the decision, affirming that the necessary decision-making procedures were followed [5].