Core Viewpoint - The company announced adjustments to its fundraising projects, including delays and changes in the layout of sub-projects under the "Intelligent Connected Vehicle Chip R&D Project" [2][3] Fundraising Project Adjustments - The company is postponing the expected usability dates for the "Intelligent Connected Vehicle Chip R&D Project" and the "Autonomous Driving Dedicated Cloud Platform Project" to December 2028 and December 2026, respectively [2][3] - The total amount of funds raised in 2020 was approximately 4 billion yuan, with a net amount of about 3.975 billion yuan after deducting issuance costs [2] Reasons for Delays - The delay in the "Intelligent Connected Vehicle Chip R&D Project" is attributed to a conservative chip procurement approach by automakers amid a plateau in the global electric vehicle market, along with increased design complexity due to the need for multi-functional integration [3] - The postponement of the "Autonomous Driving Dedicated Cloud Platform Project" is due to structural changes in the industry ecosystem, with a reduced urgency for independent cloud platforms as general AI platforms become mainstream [3] Terminated and New Sub-Projects - Two sub-projects, the Low-cost DA Chip AC8005 and the Visual Processing Chip AC6815, have been terminated due to market conditions and lack of competitive advantage [4] - Two new sub-projects have been added: the high-cost performance connected instrument SoC AC8117 and the high-performance 5G vehicle networking IVI SoC AC8277, which align with market trends and regulatory requirements [4] Fund Utilization - As of November 30, 2025, the company has invested 689 million yuan in the "Intelligent Connected Vehicle Chip R&D Project," accounting for 55.55% of the planned total, with approximately 669 million yuan remaining for ongoing and new projects [4]

Group 1 - The company will hold its first extraordinary general meeting of shareholders in 2026 on January 12, 2026, at 15:30 [2][5] - The meeting will be conducted both in-person and via online voting, with specific time slots for each voting method [3][4] - Shareholders must register by January 7, 2026, to attend the meeting, and various registration procedures are outlined for individual and corporate shareholders [4][6] Group 2 - The board of directors has approved the proposal to add Zhang Ying as a candidate for a non-independent director position following the resignation of Zhang Peng [11][16] - The company plans to adjust the timelines for certain fundraising projects, specifically extending the expected operational status dates for the "Intelligent Connected Vehicle Chip R&D Project" and the "Dedicated Autonomous Driving Cloud Platform Project" [27][39] - The company will terminate two sub-projects under the "Intelligent Connected Vehicle Chip R&D Project" and introduce two new sub-projects, focusing on high-performance and cost-effective solutions [35][38] Group 3 - The company has raised a total of 4 billion RMB through a non-public offering, with a net amount of approximately 3.97 billion RMB after expenses [27] - The adjustments to the fundraising projects are based on practical implementation progress and future funding plans, ensuring no substantial impact on the overall project investment or operations [39][41] - The board and the audit committee have both expressed that the adjustments align with regulatory requirements and will not harm shareholder interests [40][42]