Jiangbo Long issued a notice stating its intention to offer shares to select investors, aiming to raise a maximum of 3.7 billion yuan (inclusive). Following the deduction of issuance-related expenses, the net funds raised will be channeled into four pivotal initiatives: the R&D and Industrialization Initiative for High-End Memory Solutions in AI Applications, the R&D Endeavor for Semiconductor Memory Controller Chip Series, the Construction Project for High-End Packaging and Testing of Semiconductor Memory, and the Augmentation of Working Capital. In scenarios where the aggregate investment required for these projects surpasses the net proceeds from the fundraising, the company commits to covering the shortfall either through its internal reserves or by exploring alternative financing avenues. Pending the receipt of the funds from this share issuance, the company retains the flexibility to advance investments from its own coffers or self-raised funds, in alignment with project timelines. These pre-funded investments will subsequently be substituted with the funds raised once they become available.