On May 27, Loongson Technology disclosed its intention to issue A-shares to a maximum of 35 targeted investors, aiming to raise a total sum not exceeding 2.3 billion yuan. Following the deduction of issuance costs, the proceeds will be allocated to the following endeavors: the R&D and industrialization of information technology chips utilizing the Xnm process (971 million yuan), the advancement of key core technologies for CPUs (485 million yuan), the development of essential core technologies for general-purpose GPUs (360 million yuan), and the augmentation of working capital (483 million yuan). The proposed issuance encompasses no more than 40.1 million shares, constituting no more than 10% of the total share capital prior to the issuance. This issuance plan remains contingent upon the approval of the company's shareholders' meeting, the Shanghai Stock Exchange, and the China Securities Regulatory Commission.