According to Sifang Technology's announcement, the net amount of capital raised by the company by issuing convertible corporate bonds to unspecified targets was 1,018 million yuan. The total amount of funds raised through the use of raised funds to replace pre-invested fund-raising projects and self-raised funds already paid for issuance was 536 million yuan, of which 533 million yuan of self-raised capital already invested in pre-invested fund-raising projects was replaced and 2.8964 million yuan of self-raised capital already paid for issuance. The matter has been reviewed and approved by the board of directors of the company, and there is no need to submit it to the shareholders' meeting for consideration. The sponsor, GF Securities, has no objection to the matter.

According to Sifang Technology's announcement, the net amount of capital raised by the company by issuing convertible corporate bonds to unspecified targets was 1,018 million yuan. The total amount of funds raised through the use of raised funds to replace pre-invested fund-raising projects and self-raised funds already paid for issuance was 536 million yuan, of which 533 million yuan of self-raised capital already invested in pre-invested fund-raising projects was replaced and 2.8964 million yuan of self-raised capital already paid for issuance. The matter has been reviewed and approved by the board of directors of the company, and there is no need to submit it to the shareholders' meeting for consideration. The sponsor, GF Securities, has no objection to the matter.