Summary of Key Points Core Viewpoint The report discusses the completion and changes of certain fundraising projects by Broadcom Integrated Circuit (Shanghai) Co., Ltd., including the allocation of surplus funds to new projects, specifically focusing on the development of edge AI processor products and solutions. Group 1: Fundraising Overview - In 2019, the company raised approximately RMB 646 million through an initial public offering, with a net amount of about RMB 603 million allocated for specific projects [1] - As of June 20, 2025, the company has invested RMB 53.26 million in the "Standard Protocol Wireless Interconnection Product Technology Upgrade Project" and "Smart Home Entry Product R&D and Industrialization Project," achieving an investment progress of 88.31% [2] - The company has completed the "R&D Center Construction Project," with a total investment of RMB 24.44 million, of which RMB 16.47 million has been utilized, resulting in a surplus of RMB 10.80 million [3][6] Group 2: Project Changes and Adjustments - The company plans to adjust the investment structure of the "Smart Transportation and Intelligent Driving R&D and Industrialization Project," reducing the investment by RMB 21.04 million and reallocating it to the new "Edge AI Processor Product and Solution R&D Project" [4][5] - The total investment for the new project is estimated at RMB 45.83 million, with RMB 31.85 million sourced from the adjusted funds [12][13] - The completion date for the "Smart Transportation and Intelligent Driving R&D and Industrialization Project" has been extended to June 30, 2026, to accommodate the changes [5][11] Group 3: New Project Details - The new project focuses on developing low-power, high-performance edge AI chips and solutions, targeting smart home, wearable devices, and automotive electronics [12][14] - The project aims to create a comprehensive technology system, including hardware, algorithms, and software, to enhance the company's competitive edge in the AIoT market [15][16] - The company has a strong R&D team, with 86.52% of its workforce dedicated to research, ensuring effective project execution [18] Group 4: Regulatory Compliance and Approval - The adjustments to the fundraising projects have been reviewed and approved by the company's board and supervisory committee, pending shareholder approval [21] - The company has established a dedicated account for managing the raised funds, ensuring compliance with regulatory requirements [20]
博通集成: 天风证券股份有限公司关于博通集成电路(上海)股份有限公司部分募投项目结项及部分募投项目变更、延期的核查意见