On July 5th, Gelonhui announced that Chongqing MAS SCI.&TECH. (300275.SZ) held the twenty-seventh meeting of the fifth board of directors and the twenty-first meeting of the fifth supervisory committee on July 5, 2024, and approved the proposal on "Terminating a portion of the raised investment projects and permanently supplementing the remaining raised funds as working capital". This proposal still needs to be submitted to the company's shareholders' meeting for approval. The investment project to be terminated this time is the "big data management and control platform for smart city management based on 5G+AI technology". The project intends to invest a total of 38 million yuan of raised funds, and the company is responsible for construction. The main contents of the construction are to launch an integration management platform for intelligent urban management, and further improve the hardware system integration technology and intelligent control technology related to the platform. As of June 30, 2024, the cumulative investment in this raised investment project was 7.6083 million yuan, and the investment progress was 20.02%. The raised funds mainly used for venue investment, equipment investment, etc., have been used.