Core Viewpoint - Pingao Co., Ltd. plans to invest 400 million yuan in Jiangyuan Technology, valuing the company at 2.4139 billion yuan pre-investment, which will increase its stake to approximately 15.42% after the investment [1] Group 1: Investment Details - The investment will be made through a capital increase, resulting in the subscription of 26,872.7 yuan of new registered capital for Jiangyuan Technology [1] - After the completion of the capital increase, Jiangyuan Technology's registered capital will rise to 1,890,429 yuan [1] - The expected new shareholding percentage for Pingao Co., Ltd. in Jiangyuan Technology will be 14.2151%, leading to a total holding of 15.4182% [1] Group 2: Company and Product Information - Jiangyuan Technology specializes in computing power chips based on 12-inch wafer processing, primarily delivering products in the form of computing power cards [1] - The chips serve as core hardware for AI integrated machines and computing servers, with applications in edge computing devices and intelligent computing centers [1]

Core Viewpoint - Pingao Co., Ltd. plans to invest 400 million RMB in Jiangyuan Technology, valuing the company at 2.4139 billion RMB pre-investment, which will increase its stake to approximately 15.4182% after the capital increase [1] Company Summary - Pingao Co., Ltd. will subscribe to an additional registered capital of 268,727 RMB in Jiangyuan Technology, raising the latter's total registered capital from 1,621,702 RMB to 1,890,429 RMB post-investment [1] - Jiangyuan Technology specializes in computing power chips based on 12-inch wafer technology, primarily delivering products in the form of computing power cards for AI integrated machine clients and computing servers [1] - The company has successfully completed the first generation chip product D1 and has launched the D10 computing power card based on D1 in mass production, with plans to introduce the D20 card by November 2025 [1] - Jiangyuan Technology is currently developing its second-generation chip product T800, which is expected to achieve mass production by 2026 [1] - The products of Jiangyuan Technology are domestically produced and focus on self-controllable chips, serving key clients including Xinchuang clients, internet companies, and local computing power centers [1]