岩山科技：控股子公司Nullmax(Cayman)拟启动C轮融资

Group 1 - The company Nullmax (Cayman) plans to initiate a Series C financing round with a maximum amount of $100 million to enhance capital strength and optimize its equity structure, involving a strategic investor from a leading domestic automotive-grade chip company [1] - The strategic investor will invest $10 million in Nullmax (Cayman), with $3.479575 million allocated to registered capital, resulting in a pre-investment valuation of $425 million for Nullmax (Cayman) [1] - After the investment, the strategic investor will hold a 2.45% stake in Nullmax (Cayman), while the full subsidiary Ruifeng BVI's stake will decrease from 28.31% to 27.62% [1] Group 2 - Ruifeng BVI and other parties signed a termination agreement to end the proxy voting agreement, which previously allowed Stonehill and Yanheng to delegate their 21.88% voting rights to Ruifeng BVI [2] - Following the termination of the proxy voting agreement, Ruifeng BVI's voting rights in Nullmax (Cayman) will drop from 50.20% to 28.31% [2] - The board composition of Nullmax (Cayman) will be adjusted, with Xu Lei Holding Limited entitled to appoint 3 directors, Ruifeng BVI 1 director, and Stonehill 1 director, while 2 seats will be independent directors [2] Group 3 - After the termination of the proxy voting agreement, Ruifeng BVI will no longer have control over Nullmax (Cayman), which will be excluded from the company's consolidated financial statements [3]