Core Viewpoint - The company, Hezhima Intelligent, has announced a subscription agreement with Infin Capital to issue approximately 33,544,600 subscription shares at a price of HKD 18.88 per share, representing a discount of 2.13% compared to the closing price of HKD 19.29 on March 9, with a total consideration of approximately HKD 631 million [1]. Fund Utilization - 50% of the net proceeds from the subscription will be allocated to core technology research and development, with 30% dedicated to the development of next-generation high-performance chips for autonomous driving and robotics, and 20% for the establishment of overseas R&D centers to enhance global collaboration [4]. - 40% of the funds will be used for productization and market expansion, with 20% aimed at certifying, adapting, and mass-producing the latest high-performance intelligent driving chips and platforms for key clients, and 20% for expanding the robotics product line and edge AI product line to accelerate commercialization [4]. - 10% of the proceeds will be allocated for general working capital purposes [4].