Dawning Information Industry (603019.SH) plans to issue convertible bonds to raise up to 8 billion yuan.

Dawning Information Industry (603019.SH) disclosed a plan to issue convertible corporate bonds to unspecified investors. The company intends to issue convertible bonds to raise a total of no more than 8 billion yuan (including par value), with an initial conversion price not lower than the average trading price of the company's stock for the twenty trading days before the announcement date of the prospectus and the previous trading day. The total amount of funds raised from this issuance, after deducting issuance expenses, will be used for projects focusing on artificial intelligence, including advanced computational power cluster systems, next-generation high-performance AI training and promotion integrated machines, and domestic advanced storage system projects.