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Xinhai Technology announced that the company will adjust the internal investment structure for automotive MCU chip R&D and industrialization projects without changing the total investment of the project and the total amount of capital raised to be used, and plans to replace the capital raised in the early stages of the Chengdu R&D building construction with its own funds. As of November 2, 2026, the total amount to be replaced was 178 million yuan, including the principal amount of 170 million yuan and interest of 8.163,700 yuan. The relevant funds have been returned to the special fund raising account. The date the project reached its intended use status was extended until June 2027, and related matters were reviewed and approved by the company's first extraordinary shareholders' meeting in 2026.
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Xinhai Technology announced that the company will adjust the internal investment structure for automotive MCU chip R&D and industrialization projects without changing the total investment of the project and the total amount of capital raised to be used, and plans to replace the capital raised in the early stages of the Chengdu R&D building construction with its own funds. As of November 2, 2026, the total amount to be replaced was 178 million yuan, including the principal amount of 170 million yuan and interest of 8.163,700 yuan. The relevant funds have been returned to the special fund raising account. The date the project reached its intended use status was extended until June 2027, and related matters were reviewed and approved by the company's first extraordinary shareholders' meeting in 2026.
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