On July 1, Maxio Technology released a comprehensive reply to the inquiry letter issued by the Shanghai Stock Exchange concerning its refinancing initiatives. The company intends to secure funding of no more than RMB 2.062 billion, earmarked for the research and development of cutting-edge storage controller chips and to bolster its working capital reserves. The Shanghai Stock Exchange posed queries regarding prior modifications and postponements in fundraising projects, the company's substantial cash holdings of nearly RMB 930 million, and its notably low debt-to-equity ratio. It sought clarifications on the distinctions between the two generations of products, the viability of the research and development endeavors, and the rationale behind the fundraising projections and financing requirements.

Maxio Technology clarified that the products targeted in this fundraising round signify an incremental advancement over the existing controller chips, incorporating reusable technology and tailored applications aimed at the premium markets of AI servers and intelligent terminals. The preceding delay was attributed to prioritizing national projects, with the execution strategy revised to involve the acquisition of office buildings, a move that does not impede the current implementation. Serial mass production is anticipated to commence from 2027 to 2028, underscoring the imperative for the proposed financing.