Core Insights - The ultra-low-power MCU market is rapidly growing, projected to increase from $5.12 billion in 2024 to $5.66 billion in 2025, with a compound annual growth rate (CAGR) of 10.6% driven by rising demand for energy-efficient solutions in IoT, wearables, and smart home technologies [1] - Major MCU manufacturers are competing to capture market share in this emerging segment by leveraging various technological advancements and product innovations [1][7] Group 1: Ultra-Low-Power MCU Characteristics - Ultra-low-power MCUs operate at microamp levels, utilizing specialized designs to minimize power consumption and extend battery life [1] - Key methods to achieve low power consumption include optimizing chip area, power supply voltage, clock frequency, peripheral activation, and operational modes [2] - Advanced technologies such as Ambiq's SPOT allow MCUs to operate at sub-threshold voltages, significantly reducing power usage while maintaining functionality [3] Group 2: Technological Innovations - TSMC's ultra-low-power technology focuses on dynamic power optimization and static leakage control, enhancing performance while reducing power consumption [4] - NXP's adaptive dynamic voltage control system integrates real-time processing and ultra-low-power sensing capabilities, achieving low power consumption even in active modes [5] - Innatera's neuromorphic microcontroller mimics brain functions, achieving extremely low power consumption for AI applications, significantly outperforming traditional processors [6] Group 3: Market Trends and Applications - The ultra-low-power MCU market is expected to reach $8.37 billion by 2029, with a CAGR of 10.3%, indicating strong growth potential across various sectors [12] - Applications span automotive electronics, smart home devices, medical equipment, and wearables, with a focus on enhancing energy efficiency and extending battery life [12][13] - In smart home applications, ultra-low-power MCUs play a crucial role in sensor nodes, smart lighting, and security systems, ensuring long-term operation and effective data collection [13] Group 4: Competitive Landscape - Major companies like Renesas, STMicroelectronics, Texas Instruments, and others are actively developing ultra-low-power MCUs with competitive specifications [8][9][10][11] - The competitive landscape is characterized by a focus on maintaining high performance and small form factors while integrating AI capabilities [7] - Domestic MCU manufacturers are also intensifying their efforts to innovate and capture market share in the ultra-low-power segment [10]

Core Viewpoint - The company has approved the use of its own funds, bank acceptance bills, letters of credit, and foreign exchange to pay for overseas procurement required for fundraising projects, with subsequent equal replacement from the raised funds [2][7]. Fundraising Basic Situation - The company raised a total of RMB 122,046.91 million after deducting underwriting and sponsorship fees of RMB 90.42 million, with a net amount of RMB 119,486.61 million after accounting for additional external costs [2][3]. Fundraising Investment Project Situation - The total investment for the fundraising projects is RMB 47,325.00 million, with the same amount planned to be invested from the raised funds [4]. - New projects funded by excess raised funds total RMB 40,936.87 million, also fully covered by excess funds [4]. Reasons for Using Own Funds for Overseas Procurement - The company aims to enhance financial efficiency and reduce costs by using its own funds for overseas procurement, which aligns with the actual needs and operational practices [5][6]. - Unified procurement strategies necessitate the use of own funds to streamline payment processes and improve management efficiency [5][6]. Impact on the Company - The decision to use own funds for overseas procurement is expected to improve operational management efficiency and ensure the smooth progress of fundraising projects, benefiting the company and all shareholders [7]. Review and Decision-Making Process - The board of directors and the supervisory board approved the proposal on June 19, 2025, confirming that the decision complies with relevant laws and regulations [7][8]. Special Opinions - The supervisory board supports the decision, stating it facilitates daily management of raised funds and does not alter the intended use of the funds or harm shareholder interests [8]. - The sponsor has verified that the decision followed necessary approval procedures and complies with regulatory requirements [9].

Core Viewpoint - The company has approved a proposal to utilize its own funds, bank acceptance bills, letters of credit, and foreign exchange for overseas procurement during the implementation of fundraising projects, aiming to enhance fund utilization efficiency and ensure the smooth progress of fundraising projects [1] Fundraising Details - The net amount of funds raised by the company is 1.195 billion yuan, which will primarily be used for upgrading and industrializing smart Bluetooth audio chips, as well as for the research and industrialization of ultra-low-power MCUs targeting the wearable and IoT sectors [1]