GigaDevice(SH:603986) Zheng Quan Zhi Xing·2025-08-22 16:49Core Viewpoint - The company, Zhaoyi Innovation Technology Group Co., Ltd., is increasing the implementation subjects and locations for its automotive electronics fundraising project and is using part of the raised funds to increase capital in its wholly-owned subsidiaries [2][4]. Fundraising Basic Situation - The company raised a total of RMB 432,402.35 million through a non-public stock issuance, with a net amount of RMB 428,443.86 million after deducting underwriting fees [2][3]. - The funds are managed in dedicated accounts to ensure proper usage and investor protection [3]. Fundraising Investment Project Situation - The original plan for the raised funds was for "DRAM chip R&D and industrialization" and to supplement working capital. However, the company has adjusted the project to include "automotive electronics chip R&D and industrialization" [3][4]. Increase in Project Implementation Subjects and Locations - The original implementation subject for the automotive electronics project was Zhaoyi Innovation, located in Beijing. The new subjects include wholly-owned subsidiaries in Xi'an, Shanghai, Hefei, and Shenzhen, with corresponding increases in capital [4][5]. - The capital increases are RMB 60 million for Xi'an and Shanghai, and RMB 40 million for Hefei and Shenzhen [4][7]. Impact of the Changes - The adjustments are aimed at effectively integrating R&D resources, improving the efficiency of fund usage, and accelerating the project's construction [4][8]. - The changes do not alter the project's content or direction, ensuring no adverse effects on the implementation of the project [8][9]. Review Procedures - The board of directors approved the changes on August 22, 2025, and the adjustments do not require shareholder approval as they fall within the board's authority [9]. Sponsor's Verification Opinion - The sponsor, China International Capital Corporation, confirmed that the changes comply with relevant regulations and will not negatively impact the project or shareholder interests [9].