Core Points - Company announced the use of idle raised funds to temporarily supplement working capital, not exceeding RMB 1 billion [1][2] - The decision was made during the second board and supervisory meetings held on October 31, 2025, to enhance the efficiency of fund usage [1] - The funds will be used for business expansion and daily operations related to the main business, ensuring no impact on the normal progress of fundraising investment projects [2] Summary by Sections - Announcement Details - Company held meetings to approve the use of idle funds for working capital [1] - The funds will be allocated to fully-owned subsidiary Shanghai Cambrian for specific projects [1] - Usage Restrictions - Funds will not be used for new stock placements, trading of stocks or derivatives, or changing the purpose of the raised funds [2] - The company commits to returning the funds to the dedicated account based on project progress and needs [1][2]
寒武纪:使用部分闲置募集资金暂时补充流动资金