On October 16, CoreLink Integration made an announcement stating its intention to infuse RMB 1.8 billion in additional capital into its holding subsidiary, CoreLink Pioneer Integrated Circuit Manufacturing (Shaoxing) Co., Ltd. Following this capital injection, CoreLink Pioneer's registered capital will reach at least RMB 13.292 billion, with CoreLink Integration maintaining a stake of no less than 50.85%. The capital for this enhancement is sourced from newly introduced policy-backed financial instruments, specifically designed to facilitate the seamless execution of the 'Phase III 12-inch Integrated Circuit Digital-Analog Hybrid Chip Manufacturing Project.' The projected total investment for this ambitious venture stands at RMB 22.2 billion. Once completed, the project is anticipated to achieve a monthly production capacity of 100,000 wafers, with its products finding widespread applications in sectors such as new energy, automotive, industrial control, consumer electronics, and beyond. This strategic capital increase is projected to have no detrimental impact on the company's regular production and operations and is in line with the company's broader strategic vision.