Cambrian: Issuing 3.3349 million shares of stock to specific targets at a price of 1195.02 yuan per share

Cambrian announcement, the company issued 3.3349 million shares to specific investors at a price of RMB 1195.02 per share, raising a total of RMB 39.85 billion. After deducting issuance expenses, the net proceeds raised amounted to RMB 39.53 billion. The company has signed a fund-raising special account storage and regulatory agreement with the sponsoring institution CITIC Securities and commercial banks. The newly added wholly-owned subsidiaries Shanghai Cambrian Information Technology Co., Ltd., Shanghai Cambrian Information Technology Co., Ltd. Shenzhen Branch, Anhui Cambrian Information Technology Co., Ltd., and Cambrian Integrated Circuit Co., Ltd. will serve as the main bodies for the implementation of the fund-raising investment projects, jointly implementing the "chip platform project for large models" and the "software platform project for large models".