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On January 1st, Autel Intelligent Technology Corp., Ltd. made an announcement stating that its fundraising investment project, which involved the issuance of convertible corporate bonds to unspecified investors in 2022—dubbed the "Autel Intelligent Technology R&D Center Construction and Next-Generation Intelligent Maintenance and New Energy Comprehensive Solution R&D Project"—has come to a successful conclusion. Initially, the project was earmarked to utilize RMB 900 million from the raised funds. However, the actual amount expended was RMB 818.8815 million. The remaining raised funds, totaling RMB 101.4947 million (inclusive of interest income and returns from financial management), will be permanently allocated to supplement the company's working capital, thereby supporting its day-to-day production and operational activities.
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