Massive Data: The planned fundraising will not exceed 702 million yuan for the database construction project.

The announcement of massive data states that the company plans to issue A-shares to specific entities in 2026, with a total fundraising amount not exceeding 702 million yuan. The net amount after deducting the issuing expenses will be used for the construction projects of a new generation of high-performance hybrid transaction analysis databases and multimodal temporal databases, with investments of 489 million yuan and 213 million yuan respectively. Prior to the fundraising, the company will first invest with self-raised funds. This fundraising project is in line with national industrial policies and the company's development strategy, and will help improve the company's technological innovation and market competitiveness, thus having a positive impact on the financial situation.