Xinxiang Wei: Intend to terminate some of the fundraising projects and permanently supplement the remaining raised funds into working capital.

Xinxiangwei announced that the company plans to terminate the "Hefei AMOLED display driver chip research and industrialization project" and will use the remaining funds of approximately 469 million yuan for permanent replenishment of working capital. At the same time, due to the higher requirements for research and development brought by the rapid development of artificial intelligence technology, the "Shanghai Advanced Display Chip Research and Development Center Construction Project" will have its scheduled date for achieving usable status extended from June 2026 to June 2027. This adjustment aims to optimize resource allocation and improve the efficiency of fund utilization. This matter has been approved by the board of directors, and the sponsor institution has expressed clear agreement, pending further consideration by the shareholders' meeting.