On April 9, Maxio Technology unveiled its plan to raise capital amounting to no more than 2,061.676 million yuan (inclusive) through a private share placement targeting specific investors. Following the deduction of issuance expenses, the net proceeds will be earmarked predominantly for the research and development endeavors focused on a new generation of data storage controller chip series products. This lineup includes enterprise-grade PCIe Gen6 and Gen7 SSD controller chips, consumer-grade PCIe Gen6 SSD controller chips, as well as UFS5.0 embedded storage controller chips. Furthermore, a segment of the raised capital will be allocated to bolster working capital reserves. Before the raised funds become available, the company may, depending on the actual project needs, initially invest using its own funds or funds raised through other means. These initial investments will be reimbursed once the raised funds are secured.