Yihua Lu: Intends to terminate super storage research and development projects and permanently supplement remaining funds to working capital.

iFlytek announced that the company plans to terminate the "Super Storage Research and Development Project" and the "Artificial Intelligence Training Resource Library and Global Video Perception Service Platform Project", and will use the remaining funds raised totaling 354.8553 million yuan to permanently supplement working capital. The reasons for termination include changes in the economic environment, changes in customer demand, and adjustments to the company's strategy. This matter still needs to be submitted to the shareholders' meeting for approval.