The company plans to issue no more than 464.197.47 million non-public shares to specific targets, raise no more than 1.17 billion yuan in capital for “smart courier cabinet R&D and industrialization projects,” and enter the key investment points in the “last mile” mail operation service field of smart cities. 1. Through numerous mergers, acquisitions and restructuring, strategic layout of terminal manufacturing, corporate SMS, and advertising and marketing industries, Wu Tong Holdings entered the advantages of smart courier cabinets and collaborated with various subsidiaries to achieve the company's strategic goal of “communication manufacturing+information service”. Through mergers, acquisitions and restructuring, the company added three subsidiaries, Broadwing Communications, Guodu Internet, and Mutual Advertising, respectively, rapidly diversifying the company's product range and diversifying the company's business structure, enhancing the company's overall competitiveness. Broadwing Communications has deep accumulation and rich experience in the design and development of mobile network terminal products; Guodu Internet is a leading domestic enterprise mobile information service provider; and Mutual Advertising is an Internet precision marketing company with technology-driven advantages. The construction of this smart courier cabinet R&D and industrialization project will involve information communication and connection module construction, enterprise information module construction, advertising module construction, and courier cabinet design and manufacturing, etc., and all of the company's subsidiaries have rich industry experience in the fields of information communication connectivity, enterprise mobile informatization, and Internet advertising. The project will hopefully address investors' past concerns about the strategic synergy of various subsidiaries. 2. Smart courier cabinet: In the future, it is expected to achieve an average annual revenue of 1.3 billion yuan and a profit of 190 million yuan. The project has raised a total capital of about 1.17 billion yuan. There are no more than 5 non-public offering targets. The issuers are determined by the board of directors authorized by the shareholders' meeting after obtaining the issuance approval documents from the China Securities Regulatory Commission and in accordance with the relevant regulations of the China Securities Regulatory Commission and in consultation with the sponsor of this issue according to the bidding results. The majority shareholders currently hold 38% of the shares. If no other factors are taken into account after the issuance is increased, the shareholding ratio of the majority shareholders will be diluted to 33%. According to the plan disclosed by the company, this project expects average annual revenue of 1.3 billion yuan, average annual net profit of 190 million yuan, internal rate of return (IRR) before tax (IRR) of 18.30%, and return on investment (ROI) of 22.48%. The development and industrialization of smart courier cabinets quickly entered the smart courier cabinet industry by integrating the company's existing resources in various fields such as the communication equipment manufacturing industry, mobile information technology industry, and advertising industry, using industry development as an opportunity. The main sources of revenue include revenue from the production and sales of smart courier cabinets and revenue from the operation and service of smart courier cabinets. Of the average annual revenue after the forecast stabilizes, the annual sales revenue from smart courier cabinets is 950 million yuan, and the operating revenue of smart courier cabinets is 380 million yuan.