I. Fundraising Plan
The total amount of funds raised through the simplified procedure for specific objects will not exceed 299.5344 million yuan (including the principal). The net amount after deducting issuance costs will be fully allocated to the following projects:
| No. | Project Name | Total Investment | Amount to be Raised |
|---|---|---|---|
| 1 | Smart Fitness and Health Equipment R&D Base | 298.6089 million | 279.5344 million |
| 2 | Supplement Working Capital | 20 million | 20 million |
| Total | 318.6089 million | 299.5344 million |
Before the funds are in place, the company will invest in the projects using self-raised funds based on the actual progress of the investment projects and will replace them with the raised funds after they are in place. If the net amount raised after deducting issuance costs is less than the intended investment amount for the above projects, the company will resolve the shortfall through self-raised funds.