I. Basic Situation of the Fundraising
(1) Amount and Timing of Fundraising
According to the approval of the China Securities Regulatory Commission, the company has issued 8,780,000 shares of common stock (A shares) at a price of 31.00 yuan per share, raising a total of 346,262,241.68 yuan. The net amount after deducting issuance expenses is 265,117,758.32 yuan, with the total amount of public offering calculated at 2,578,037,758.32 yuan. The company has established a special account for the management of the raised funds.