Core Viewpoint - The company, Youjia Innovation (2431.HK), has successfully completed a placement of 6.8 million new H-shares, raising a net amount of HKD 155 million, which will be invested in enhancing its advanced driver assistance systems and L4 autonomous driving technologies [2][3]. Group 1: Fund Allocation - Approximately 40% of the net proceeds will be used to enhance the functionality of smart driving solutions to meet the growing demand for advanced driver assistance systems [3]. - About 30% will be allocated for technical upgrades of L4 autonomous driving solutions to support commercial applications in passenger and cargo transport [3]. - Around 20% will be invested in exploring potential strategic partnerships, alliances, and acquisition opportunities [3]. - The remaining 10% will be used for working capital and general corporate purposes [3]. Group 2: Business Development - Youjia Innovation has secured multiple key contracts this year in its two core businesses: smart driver assistance and intelligent cockpit solutions [5][7]. - The latest advanced driver assistance system, iPilot 4 plus, supports various functionalities and is set to be mass-produced for high-end vehicles priced around 300,000 RMB [7]. - The L4 autonomous driving solution, iRobo, has already been commercialized in various scenarios, including passenger minibuses, with plans to expand into unmanned cargo transport [7]. - The company has gained recognition from major clients and is actively pursuing a global strategy, having partnered with 35 vehicle manufacturers, including SAIC Motor, Changan Automobile, and Chery [7].