Last night, Moore Threads released an announcement, proposing to allocate no more than 7.5 billion yuan from a portion of its idle raised funds for cash management purposes. In response to inquiries, a senior executive from the company clarified that the project plans for utilizing the raised funds were transparently disclosed at the outset. The 7.5 billion yuan is earmarked for specific, phased uses in research and development, technological advancements, and other areas, and will be rigorously executed according to the outlined plan. The executive underscored that the 7.5 billion yuan figure represents the upper threshold for cash management, rather than the actual sum to be managed, which is expected to be significantly lower. As fundraising investment projects advance and supplant initial self-funded investments, the volume of idle funds will diminish, leading to a corresponding decrease in the cash management limit. The company remains committed to escalating its investment in research and development, expediting product updates, addressing core technological challenges, and establishing an independently controllable technology and product framework, thereby ensuring that the normal progression of fundraising investment projects and its core business operations remain unaffected.