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IV. Capital Operation and Future DevelopmentChina Great Wall: a Leader and Innovator in the Field of Innovation.At the beginning of 2022, China Great Wall completed a fixed increase of nearly 4 billion yuan to raise funds for domestic high-performance computer and server core technology research and development and capacity improvement projects, information and new energy infrastructure construction projects, high-tech electronic innovation and application projects, etc., with the aim of strengthening the layout of the network information industry, enhancing the core technology research and development capabilities and meeting the market demand for domestic high-performance computers and servers. Although Great Wall Information terminated the spin-off and listing, the company indicated that the follow-up capital operation arrangement needed further analysis and demonstration, which showed China Great Wall's flexible strategy in capital operation and thoughtful consideration for future development.

First, strategic positioning and core competitivenessGreat Model of Fantasy | China Great Wall: Leader and Innovator in the field of Innovation.In the future, China Great Wall will rely on its strong R&D strength, market expansion ability and brand influence to continuously promote the in-depth development of the innovation industry, provide solid support for the digital transformation of all walks of life, and help China's innovation industry to a higher level.

Guided by serving the national strategic needs, China Great Wall focuses on the high-quality development of independent intelligent computing industry, implements the strategy of "core-end integration, end-network integration, two-wheel drive and organic development", and builds a solid foundation for intelligent computing, which has become an important guarantee force for the national network information industry. The company continues to optimize its business structure, concentrate superior resources to make its main business stronger and better, and form a professional business development pattern with clear main responsibilities and clear main business. At the same time, China Great Wall has built a new operation system, implemented five special actions, strengthened cost reduction and increased efficiency, created new value through supply chain management, continuously improved its technology research and development capability, significantly enhanced its product supply capability, improved its market expansion capability and enhanced its brand influence.At the beginning of 2022, China Great Wall completed a fixed increase of nearly 4 billion yuan to raise funds for domestic high-performance computer and server core technology research and development and capacity improvement projects, information and new energy infrastructure construction projects, high-tech electronic innovation and application projects, etc., with the aim of strengthening the layout of the network information industry, enhancing the core technology research and development capabilities and meeting the market demand for domestic high-performance computers and servers. Although Great Wall Information terminated the spin-off and listing, the company indicated that the follow-up capital operation arrangement needed further analysis and demonstration, which showed China Great Wall's flexible strategy in capital operation and thoughtful consideration for future development.Second, technological innovation and R&D strength