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Cambricon has made an announcement stating that it has designated its wholly-owned subsidiary, Shanghai Cambricon (including its Shenzhen Branch), along with Anhui Cambricon and Xi'an Cambricon, as the executing entities for the 'Chip Platform Project for Large Models' and the 'Software Platform Project for Large Models'. These entities will work in tandem to drive forward the fundraising investment initiatives. The company has outlined plans to inject an additional 1 billion yuan in capital into Shanghai Cambricon, while allocating an extra 80 million yuan each to Anhui Cambricon and Xi'an Cambricon. It's important to note that this strategic adjustment does not alter the overall investment sum earmarked for the fundraising investment projects. Furthermore, it is not anticipated to exert a substantial negative influence on the company's regular business operations.
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