According to the announcement, the company plans to terminate the “IoT Smart Terminal Product Upgrade and Expansion Project”, an initial public offering. The project originally intended to raise 181 million yuan of capital, with a total investment of 5.226,500 yuan as of September 30, 2026. The remaining 183 million yuan raised will continue to be managed centrally in a dedicated fund-raising account. The reason for the termination was that the supporting construction land for the project was proposed to be taken back by the government due to urban planning and construction needs, and the company's other fund-raising project, the “Internet of Things Industrial Base Construction Project”, can meet short- to medium-term production capacity needs. The matter has been reviewed and approved by the board of directors of the company and still needs to be submitted to the shareholders' meeting for consideration.

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