On January 5, Zhixin Precision released an announcement declaring that the "Research and Development Center Construction Project" and the "Information System Upgrade Construction Project," both financed by the proceeds from its initial public offering, have achieved their predetermined operational status and are now officially completed. The aggregate remaining funds from these two projects stand at 14.8945 million yuan. The bulk of these remaining funds stems from effective cost control during project execution, upfront payments made using the company's own capital, as well as interest and investment gains from idle funds. The remaining funds will remain in the dedicated account for raised funds and will be judiciously and prudently earmarked for utilization in accordance with the company's developmental strategy and actual requirements, with a focus on its core business operations.
