Summary of Key Points Core Viewpoint The company, Ningbo Jintian Copper Industry (Group) Co., Ltd., is undergoing a change in its fundraising investment projects to optimize resource allocation and enhance operational efficiency in response to market conditions and strategic planning. Group 1: Fundraising Overview - The company has been approved to issue convertible bonds totaling RMB 1.45 billion, with a net fundraising amount of RMB 1.45 billion after deducting issuance costs [1][2]. - The funds will be allocated to various projects, including a new project in Thailand for producing precision copper tubes [3][4]. Group 2: Changes in Investment Projects - The original project for producing 70,000 tons of precision copper alloy rods has been changed to two new projects: a 10,000-ton ultra-fine copper conductor project and an upgrade of the 450 copper alloy strip production line, involving RMB 26.69 million, which is 18.47% of the total net fundraising amount [5][6]. - The decision to change the project was influenced by a decline in demand in the real estate sector, which significantly affects the market for copper rods [7][8]. Group 3: New Project Details - The ultra-fine copper conductor project is expected to meet the growing demand in sectors such as new energy vehicles and 5G communications, with a projected annual revenue of RMB 82.56 million and a profit of RMB 5.65 million [9][12]. - The upgrade of the 450 copper alloy strip production line aims to produce high-end copper alloy strips, responding to the increasing demand from the electronics and automotive industries [11][15]. Group 4: Feasibility and Market Outlook - The new projects align with industry trends and national policies, indicating a strong market potential for high-precision copper products [14][16]. - The company has a solid technical foundation and experienced workforce, which will support the successful implementation of the new projects [17][18]. Group 5: Regulatory Compliance - The changes in investment projects have been approved by the company's board and supervisory committee and will be submitted for shareholder approval, ensuring compliance with relevant regulations [20][21].