Nanxin Technology has revealed its intention to issue convertible corporate bonds to undisclosed investors, with the total funds raised not to surpass 1.933 billion yuan. These funds are earmarked for the research, development, and industrialization endeavors of power management chips within the realm of intelligent computing power, automotive chips, as well as sensing and control chips for industrial applications. These projects are strategically designed to bolster the company's core competitiveness, elevate its profitability, and stay in harmony with both national policies and prevailing market demands.