I. Fundraising Plan
The total amount of funds raised from this stock issuance will not exceed RMB 850 million (including RMB 850 million). After deducting issuance costs, the net amount is intended for the following projects:
| No. | Project Name | Total Investment Amount (RMB 10,000) | Intended Use of Raised Funds (RMB 10,000) |
|---|---|---|---|
| 1 | Hezhou Jove AI PCB Production Line Expansion Project | 740,205.20 | 600,000 |
| 2 | Digital Upgrade Construction Project | 127,630.10 | 80,000 |
| 3 | Supplement Working Capital | 170,000.00 | 170,000 |
| Total | 1,037,835.30 | 850,000 |
If the actual funds raised (after deducting issuance costs) are less than the intended total amount, the company's board of directors will arrange the specific use of the raised funds based on the importance and urgency of the intended uses. Any shortfall will be addressed through self-owned or self-raised funds. Without changing the investment projects of the raised funds, the board may adjust the order and amount of fund allocation based on actual project needs. Before the raised funds are in place, the company will invest through self-owned or self-raised funds based on the actual progress of the investment projects and will replace these with the raised funds after they are in place, following relevant laws and regulations.
II. Specifics and Feasibility Analysis of the Investment Projects
(1) Hezhou Jove AI PCB Production Line Expansion Project
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Project Overview To actively respond to national industrial policies and accelerate the layout of high-end printed circuit board (PCB) business in the AI server and high-performance computing hardware fields, the company plans to invest in the Hezhou Jove AI PCB production line expansion project. This project will be implemented by the company's wholly-owned subsidiary, Hezhou Jove Circuit Co., Ltd., with a total investment of RMB 740,205.20. This project closely aligns with the company's main business and can strengthen the company's product supply and technical support in AI high-performance computing and data center infrastructure, continuously enhancing the company's comprehensive competitiveness in the high-end PCB sector and boosting its profitability and long-term development potential.
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Project Necessity (1) Actively respond to national industrial policies, assist the company's high-end transformation, and enhance competitiveness in the industrial chain. In recent years, the country has placed great emphasis on the development of the new generation of information technology industry, issuing a series of policies to support the innovation of the entire industrial chain, develop high-end and scarce products, and accelerate breakthroughs in key components and materials. The PCB industry, as a core component of the electronic information industry, is crucial for the development of electronic information devices and is gradually transforming towards high-end, intelligent, and green production. The high-end development of PCBs directly relates to the core competitiveness of downstream electronic information industries. As a key player in the domestic PCB industry, the company has always closely followed national industrial policy guidance and actively undertaken the responsibility of industrial upgrading, engaging in the R&D and production of high-end PCB products. The Hezhou Jove AI PCB production line expansion project focuses on high-end PCB products for AI server power supplies, computing infrastructure, and smart vehicles, while simultaneously laying out technical reserves for precision manufacturing and system integration, aligning with the national strategy for high-end and independent development in the PCB industry. This project is not only a concrete measure for the company to respond to industrial policies but also a key action to accelerate breakthroughs in high-end technology and capacity implementation, promoting the domestic PCB industry to overcome high-end technical barriers and enhance the overall competitiveness of the industrial chain.