Company Overview - Espressif Systems (Shanghai) Co., Ltd. is a fabless integrated circuit design company focused on chip design and development, primarily in the AIoT sector [10][20]. - The company was established in 2019 and is headquartered in Shanghai, China, with a registered capital of 156.70 million yuan [15][16]. Fundraising Details - The company plans to issue A-shares to specific investors, with the total number of shares not exceeding 10% of the total share capital before the issuance [3][4]. - The funds raised, totaling approximately 177.79 million yuan, will be primarily invested in the development and industrialization of AI edge chips based on self-developed RISC-V IP [4][5]. Shareholder Structure - As of June 30, 2025, the top ten shareholders hold a combined 52.15% of the company's shares, with the largest shareholder being Espressif (Hong Kong) Investment Co., Ltd., holding 39.06% [16][17]. - The actual controller of the company is Teo Swee Ann, who has extensive experience in the semiconductor industry [19][18]. Industry Context - The integrated circuit industry is a strategic and foundational sector that supports national economic development and security, with its development level being a core indicator of a country's technological advancement [26]. - The industry is regulated by the Ministry of Industry and Information Technology of the People's Republic of China and is subject to various supportive policies aimed at enhancing innovation and competitiveness [20][21][22]. Investment Risks - The company acknowledges potential risks associated with the implementation of fundraising projects, including organizational and management challenges due to the complexity of simultaneous project execution [7]. - There are also risks related to the expected benefits of the fundraising projects not being realized, influenced by macroeconomic conditions and market demand [8].