Muxi Holdings: Intends to use the raised funds of no more than 200 million yuan to provide loans to its wholly-owned subsidiaries to implement the research and industrialization project of new high-performance general-purpose GPUs.

Muxi Corporation announced that, in order to promote the implementation of the investment projects funded by raising funds, the company plans to provide loans to its wholly-owned subsidiary Muxi Integrated Circuits Co., Ltd. with a total amount not exceeding 200 million yuan using the raised funds, for the implementation of the investment project "R&D and Industrialization Project of New High-Performance General GPU". The matter has been approved by the company's board of directors and does not require approval from the shareholders' meeting. The audit committee of the board of directors and the sponsor have both expressed their agreement and no objections to this matter.