Shennan Circuit announced that the company's 2026 stock issuance plan to specific targets has been reviewed and approved by the Shenzhen Stock Exchange and registered with the China Securities Regulatory Commission. There are no more than 35 recipients. The issuance price is not lower than 80% of the company's average stock trading price in the 20 trading days before the pricing benchmark, the number issued does not exceed 30% of the total share capital before issuance, and the total capital raised does not exceed 4.367 billion yuan. After deducting the issuance fee, it is proposed that 3.6 billion yuan will be used for the Wuxi Shennan Circuit AI computing power electronic circuit product project, and 767 million yuan will be used to supplement working capital. After the issuance is completed, the sale period for shares subscribed to by the issuer is limited to 6 months, and the controlling shareholders and actual controllers of the company will not change.

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