On July 9th, Zhengyuan Zhihui announced a change in the use of part of the raised funds. The company plans to allocate CNY 179.4 million from the "Integrated Cloud Platform Project for Basic Education Management and Services" to provide interest-bearing loans to its holding subsidiary, Zhejiang Nipton, for investment in the "Integrated Platform Project for University Operations and Services," with an annual loan interest rate of 8%. The "Integrated Cloud Platform Project for Basic Education Management and Services" has not yet achieved the expected benefits, and due to uncertainties such as changes in the external market environment, the investment pace has slowed down. The company has postponed this project to December 25, 2026, and plans to reduce the investment of raised funds in this project. The construction period for the "Integrated Platform Project for University Operations and Services" is 18 months, with a total investment of CNY 199.4 million. The project plans to purchase IoT air conditioners, intelligent hot water management systems, and other equipment to provide convenient and efficient integrated operational services for university students