According to the Power Source announcement, the company raised 175 million yuan in capital by issuing shares to specific targets in 2022. As of July 8, 2026, the “Vehicle Power Supply R&D and Industrialization Project” had invested 2.0438 million yuan, which is progressing slowly by 16.52%. The first reason is that the construction of a vehicle-grade quality management system and qualification certification cycle is long; second, due to international trade frictions, the company controls the pace of production capacity investment. The downstream NEV market for the project is large, and long-term demand is sufficient. It is still necessary and feasible to implement it. It is expected that there will be no major adverse changes in benefits, and there are no problems such as re-verification, long-term shelving, or failure to disclose in a timely manner.

According to the Power Source announcement, the company raised 175 million yuan in capital by issuing shares to specific targets in 2022. As of July 8, 2026, the “Vehicle Power Supply R&D and Industrialization Project” had invested 2.0438 million yuan, which is progressing slowly by 16.52%. The first reason is that the construction of a vehicle-grade quality management system and qualification certification cycle is long; second, due to international trade frictions, the company controls the pace of production capacity investment. The downstream NEV market for the project is large, and long-term demand is sufficient. It is still necessary and feasible to implement it. It is expected that there will be no major adverse changes in benefits, and there are no problems such as re-verification, long-term shelving, or failure to disclose in a timely manner.