Summary of Key Points Core Viewpoint - The company is establishing additional fundraising accounts to enhance the management and usage of raised funds for its project of producing 2 million high-end drive shafts annually, ensuring compliance with regulatory requirements and protecting investor interests [1][3][5]. Group 1: Fundraising Overview - The company has been approved to publicly issue convertible bonds amounting to RMB 893.7 million, with each bond having a face value of RMB 100 [1]. - As of December 31, 2024, the remaining balance of the raised funds is RMB 465.33 million, with RMB 15.33 million in the special fundraising account and RMB 450 million invested in financial products [2]. Group 2: Management and Storage of Funds - The company has established a special account for the management of raised funds, with agreements signed with banks to ensure proper oversight [1][2]. - The new fundraising accounts will be opened at Shanghai Pudong Development Bank, Bank of China, and China Minsheng Bank to facilitate the management of funds for the high-end drive shaft production project [2][4]. Group 3: Impact of New Fundraising Accounts - The establishment of new fundraising accounts will not affect the normal operation of the fundraising investment projects and is in line with regulatory requirements [3][4]. - The board of directors and the supervisory board have approved the establishment of these accounts, confirming that it will enhance the efficiency of fund management without harming shareholder interests [4][5]. Group 4: Approval Process - The proposal for the new fundraising accounts was reviewed and approved in the fifteenth meetings of both the board of directors and the supervisory board [4]. - The board believes that the new accounts will improve the efficiency of fundraising operations and are in the best interest of the company and its shareholders [4].