I. Fundraising Project Plan
The company plans to issue A-shares to specific targets, with a total fundraising amount not exceeding 34,595.56 million yuan (inclusive). After deducting issuance expenses, the net proceeds will be used for the following projects:
| No. | Project Name | Total Project Investment | Funds to be Raised |
|---|---|---|---|
| 1 | Intelligent High-Frequency Switching Power Supply System Production Project | 14,942.79 | 11,945.51 |
| 2 | Automation and Technical Upgrade Project for Intelligent High-Frequency Switching Power Supply Module Production Line | 5,497.38 | 5,235.60 |
| 3 | Marketing Network and Informationization Construction Project | 5,247.43 | 2,753.15 |
| 4 | Intelligent High-Frequency Switching Power Supply System R&D Center Project | 4,600.36 | 4,381.30 |
| 5 | Working Capital Supplement | 10,280.00 | 10,280.00 |
| Total | 40,567.96 | 34,595.56 |
Before the fundraising is completed, the company may use its own funds to invest in projects based on their actual progress. After the funds are raised, the self-raised funds will be replaced by the raised funds. The raised funds do not include funds invested before the board of directors' meeting, and there will be no reimbursement for funds invested before the board of directors' meeting after the funds are raised. If the net proceeds after deducting issuance expenses are less than the total planned investment, the company will adjust the specific investment projects, order, and investment amounts within the scope of the fundraising investment projects based on the actual amount of raised funds and the urgency of the projects. The company will use its own funds to cover any shortfall.
II. Project Basic Information
(I) Intelligent High-Frequency Switching Power Supply System Production Project
1. Project Basic Information
This project is a key initiative for the company's fundraising-driven expansion. It focuses on the market demand in the high-frequency switching power supply field and plans to build an intelligent high-frequency switching power supply system production base in Shanghai. This project will involve the purchase of equipment such as DC feedback loads, AC power supplies, and charging pile ATE testing systems to build a large-scale and intelligent production line. Upon completion and reaching full production capacity, the project will effectively meet the demand for high-efficiency, stable, and intelligent power products in downstream industries. This capacity layout will not only quickly respond to incremental market demand and alleviate existing production bottlenecks but also help the company implement its fundraising-driven expansion strategy, seize the critical window period for the upgrading of the power system industry, and consolidate its competitive advantage. At the same time, the implementation of this project is an important vehicle for the company to optimize its production layout and enhance the intelligence level of its production, further strengthening its production efficiency and product quality, and consolidating its market position in the high-frequency switching power supply field.
2. Necessity of Project Implementation
(1) Seize the Opportunity of High-Power Application Scenarios and Expand the Industry Application Market Space
The global vision of carbon neutrality is being deeply implemented, and the energy structure transformation is accelerating. Power supply equipment, as the core carrier of efficient energy conversion and control, is ushering in a period of deterministic large-scale growth. Among them, intelligent high-frequency switching power supplies, with their core advantages of high efficiency and high reliability, have become a key basic component supporting the high-quality development of the power electronics industry. The industry's technical route is increasingly moving towards higher power and higher voltage, bringing structural growth opportunities for companies focused on this field, and also imposing rigid requirements on the company's production layout and product iteration capabilities.