On December 2, Xi'an Yimcai made an official announcement stating that it had entered into an "Investment Cooperation Agreement for the Yiswei Wuhan Silicon Material Base Project" with Wuhan Optics Valley Semiconductor Industry Investment Co., Ltd. The purpose of this agreement is to jointly invest in and construct the Wuhan Silicon Material Base project. The primary focus of the project is the production of silicon single-crystal polished wafers and epitaxial wafers, which are essential components for advanced 12-inch integrated circuit manufacturing processes. These products find applications across a diverse range of fields, encompassing logic chips, flash memory chips, dynamic random-access memory chips, image sensors, and display driver chips. The total investment earmarked for the project stands at approximately 12.5 billion yuan. Out of this, 8.5 billion yuan will be contributed as equity capital, while the remaining amount, roughly 4 billion yuan, will be sourced through various financing avenues, including bank loans obtained by the project company.