Group 1 - The company, Youyan Silicon, announced on August 13 that it will hold the 10th meeting of the 2nd Board of Directors and the 10th meeting of the 2nd Supervisory Board on August 12, 2025 [2] - The meetings will review the proposal to use part of the raised funds, amounting to 48.33 million yuan, for the research and industrialization of 8-inch zone melting silicon single crystal technology [2] - This proposal is subject to approval by the company's shareholders' meeting [2]

Group 1 - The company plans to invest RMB 48.33 million in the research and industrialization of 8-inch zone melting silicon single crystal technology using part of the raised funds [1][6] - The project is expected to enhance the company's technological capabilities and increase the annual production capacity of 8-inch zone melting single crystal by 21 tons [6][7] - The project has been approved by the company's board and supervisory board, and it will be submitted for shareholder approval [1][11] Group 2 - The total amount raised from the initial public offering was RMB 1.85 billion, with a net amount of RMB 1.66 billion after deducting issuance costs [2] - As of June 30, 2025, the company has utilized RMB 385 million for working capital and RMB 36 million for share repurchase, leaving a balance of RMB 243 million in raised funds [2][4] - The company has established a regulatory agreement with its sponsor and banks for the management of raised funds, ensuring compliance with relevant regulations [5][4] Group 3 - The project is crucial for the semiconductor industry as zone melting single crystal silicon is a fundamental material with superior properties compared to traditional methods [7][8] - The demand for power semiconductors, particularly in the electric vehicle sector, is increasing, which may lead to a tight supply situation in the zone melting silicon wafer industry [8] - The company aims to capture market opportunities by increasing production capacity and expanding market share, contributing to steady revenue growth [8][9] Group 4 - The project aligns with the company's development strategy and market demand, potentially leading to product upgrades and positive impacts on future growth [9][11] - The supervisory board and sponsor have expressed support for the project, confirming that it does not harm the interests of the company or its shareholders [11]