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According to Dazu CNC's announcement, the net proceeds from the global sale of the company's H shares were about 4.796 billion yuan, and about 1,555 billion yuan had been spent as of October 31, 2026, accounting for 32.43%. The board of directors proposed reallocating $1,439 million of the unused proceeds under “Enhancing R&D and Operational Capabilities” to “Enhancing the Production Capacity of Special PCB Equipment”. After the adjustment, the share of the project allocation was raised to 70%. The remaining unused capital is expected to be used up by the end of 2027. This change is due to the demand for high-end production capacity of downstream AI PCBs exceeding expectations. The company's production capacity construction schedule needs to match delivery requirements, and the changes still need to be reviewed and approved by the shareholders' meeting.
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According to Dazu CNC's announcement, the net proceeds from the global sale of the company's H shares were about 4.796 billion yuan, and about 1,555 billion yuan had been spent as of October 31, 2026, accounting for 32.43%. The board of directors proposed reallocating $1,439 million of the unused proceeds under “Enhancing R&D and Operational Capabilities” to “Enhancing the Production Capacity of Special PCB Equipment”. After the adjustment, the share of the project allocation was raised to 70%. The remaining unused capital is expected to be used up by the end of 2027. This change is due to the demand for high-end production capacity of downstream AI PCBs exceeding expectations. The company's production capacity construction schedule needs to match delivery requirements, and the changes still need to be reviewed and approved by the shareholders' meeting.
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