Fundraising Plan - The company plans to raise a total of no more than 129.38 million yuan, which will be used for specific projects after deducting related issuance costs [1] - The total investment for the projects is 163.77 million yuan, with the raised funds covering 12.94 million yuan [1] Project Necessity and Feasibility Embedded Storage Chip Expansion Project - The project aims to expand the production capacity of embedded storage chips, focusing on LPDDR, EMMC, and SD NAND, to meet the growing market demand [2] - The embedded storage market is expected to grow significantly due to the increasing data volume and the proliferation of smart devices [2] - The project aligns with national policies promoting semiconductor localization and aims to enhance the company's competitiveness in the semiconductor storage sector [2] AI-Driven Market Expansion - The rapid development of AI technology is driving the demand for high-performance embedded storage solutions, particularly in AI applications [3][4] - The company plans to introduce high-performance embedded storage products to support AI terminals and edge computing devices, creating new growth engines [4] Advanced Production Equipment Introduction - The project will introduce advanced automated production equipment to enhance manufacturing precision and product consistency [5] - This upgrade is essential for meeting the increasing demand for high-performance storage chips in various applications, including smart wearables and smartphones [5] SSD High-End Upgrade Project - The project focuses on upgrading existing SSD products to high-capacity and high-performance models to capture the growing AI data center market [7][8] - The global enterprise SSD market is projected to grow from approximately 29 billion USD in 2024 to 51.4 billion USD by 2027, with a CAGR of about 21% [8][9] - The company aims to transition from traditional consumer SSDs to enterprise-grade SSDs, which are increasingly in demand due to their reliability and performance [9][10] Funding for Working Capital - The company plans to allocate 36 million yuan from the raised funds to supplement working capital, addressing the financial pressures from its ecological environment business [14][15] - This funding will help optimize the company's capital structure, reduce financial risks, and improve overall profitability [15] Overall Impact on Operations and Financial Status - The fundraising will enhance the company's capital strength and improve its capital structure, although short-term returns may decline until projects are completed [15][16] - Successful implementation of the projects is expected to boost the company's competitive edge and sustainable development, benefiting shareholders in the long run [16]