Summary of Key Points Core Viewpoint The report provides a detailed account of the fundraising activities and the management of the raised funds by Changlan Technology Group Co., Ltd., highlighting the total amount raised, the usage of funds, and the current balance in the fundraising account as of June 30, 2025. Fundraising Overview - The company raised a total of RMB 630.70 million by issuing 35 million shares at RMB 18.02 per share, with net proceeds amounting to RMB 572.68 million after deducting underwriting and related fees [1][2] - As of June 30, 2025, the balance in the fundraising account was RMB 2.42 million, which includes net interest income from bank deposits [2][6] Fund Usage and Management - The company has utilized RMB 606.86 million of the raised funds in previous years, with RMB 30.84 million used in the first half of 2025 [1][4] - The company has established a dedicated fundraising account and signed a tripartite supervision agreement with the underwriter to ensure proper management and usage of the funds [3][4] Fund Investment Projects - The company has not changed the use of the raised funds for investment projects, and there are no issues reported regarding the investment projects [4][5] - The project for expanding the production capacity of cable accessories has been delayed, with the expected operational status date postponed from July 2021 to July 2023 due to strategic adjustments [4][5] Financial Performance and Reporting - The company reported a total of RMB 637.69 million invested in projects cumulatively, with a net interest income of RMB 67.44 million received from bank deposits [1][4] - There are no reported issues or discrepancies in the usage and disclosure of the raised funds [6]