Chen An Technology: Plans to raise no more than 1.49 billion yuan through a private placement, which will be used for projects such as AI+ public safety smart brain.

Chen'an Technology Announcement: The total amount of funds raised by issuing A-shares to specific objects this time will not exceed RMB 141,885.70 million. The net amount after deducting the issuance expenses is intended to be used for the AI+ public safety smart brain project, public safety smart equipment research and industrialization project, additional working capital, and debt repayment. Before the funds raised in this issuance are in place, the company will invest in advance with self-raised funds based on the actual situation of the investment projects, and exchange them after the funds raised are in place.