Corelink Technology: intends to use its own funds to pay the funds raised for the subscription, and then to exchange it with the raised funds in the same amount.

date
18/08/2025
Xindonglian Technology held a board of directors and board of supervisors meeting to review and approve the proposal to use its own funds to pay for the funds needed for the investment projects and to exchange them for the same amount of funds raised. The company made its initial public offering of stocks in 2023, raising a net amount of 1.354 billion yuan. The investment projects involve the development of high-performance MEMS devices, packaging, testing, and more. In 2025, some of the investment projects were delayed or changed, with the addition of the "Inertial Measurement Unit Development and Industrialization Project". The use of own funds for repayment and replacement was mainly due to restrictions on payments such as salaries and taxes, as well as operational inconvenience. This measure will improve the efficiency of fund utilization, save financial expenses, and has gone through necessary approval procedures without objection from the sponsoring party.