Jingsheng Mechanical and Electrical has officially declared that its board of directors has given the green light to a strategic reallocation of a portion of the raised funds. Specifically, the overall investment for the initial '12-inch Integrated Circuit Large Wafer Equipment Test and Experimental Line Project' will be scaled down to 178 million RMB. Concurrently, the leftover raised funds, along with residual amounts from the discontinued project, summing up to 861 million RMB (inclusive of interest and earnings from financial management), will be channeled into two innovative endeavors: the 'Intelligent Production Project for Precision Parts of Semiconductor Equipment' and the 'Industrialization Project for Silicon Carbide Parts in High-End Semiconductor Equipment.' It's important to note that this reallocation strategy is still pending final approval from the shareholders' meeting.