Glory Union on December 18 announced that Youcare Pharmaceutical Group (688658.SH) has released the company's fundraising project "Asia Vets coding system construction project," which was formulated in conjunction with the market environment, industry development trends, and the company's actual conditions at the time. Although the company conducted sufficient research and demonstration when establishing the project, there have been significant changes in the pharmaceutical industry and the generic drug market in recent years. Additionally, factors beyond the company's control, such as severe external conditions and changes in local policies, have impacted the company. To improve the efficiency of fundraising usage and ensure the effective use of the raised funds, the company plans to terminate the implementation of this project. After the termination of the "Asia Vets coding system construction project," the remaining raised funds will continue to be stored in the special account for fundraising investment projects. The company will manage the raised funds in accordance with relevant management regulations. Simultaneously, the company will actively explore projects with strong profitability and good future development prospects. After prudently researching and discussing to determine the investment projects, the company will strictly implement the relevant legal regulations and carry out the corresponding review and disclosure procedures before swiftly implementing new investment projects to enhance the efficiency of fundraising usage.