Puya Semiconductor (Shanghai) Co., Ltd. (688766.SH) plans to issue no more than RMB1.25 billion in medium-term notes.

Puya Semiconductor (Shanghai) Co., Ltd. (688766.SH) announced that, in order to actively respond to the orientation of national science and technology innovation policies, increase investment in science and technology innovation, further broaden financing channels, optimize the debt structure, and reduce financial expenses, the board of directors approved the company's plan to apply to the National Association of Financial Market Institutional Investors for registration and issuance of medium-term notes of no more than RMB1.25 billion (including RMB1.25 billion). The proceeds from this registered issuance of medium-term notes will, based on the company's funding needs and after deducting issuance expenses, be used for the company's production and operating activities, such as project construction in the field of science and technology innovation, R&D investment, mergers and acquisitions and restructuring (including equity participation), repayment of interest-bearing liabilities, supplementing working capital, and external investment, so as to enhance the company's science and technology innovation capabilities, broaden sources of funds for mergers and acquisitions, and other lawful and compliant purposes.