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Jingjia Micro has made an announcement stating its intention to employ the raised funds by extending loans to its wholly-owned subsidiaries, Jingmei and Jinzhiyuan, to facilitate the progression of the funded projects. In detail, Jingmei is set to receive loans with a cap of 200 million yuan, earmarked for the 'High-Performance General-Purpose GPU Chip Research, Development, and Industrialization Project'. Meanwhile, Jinzhiyuan will be granted loans not surpassing 700 million yuan, with 500 million yuan directed towards the same project and an additional 200 million yuan designated for the 'General-Purpose GPU Advanced Architecture Research and Development Center Construction Project'. It's important to note that this arrangement does not deviate from the original purpose of the raised funds and thus, does not necessitate approval from the shareholders' meeting.
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