On September 28, Shengyi Electronics disclosed that its board of directors convened a meeting on the same day, where several resolutions were passed. Among these, the company decided to allocate 1.1 billion yuan from its raised funds to infuse additional capital into its wholly-owned subsidiary, Ji'an Shengyi, specifically for the execution of the 'Smart Manufacturing High-Multi-Layer Computing Circuit Board Project'. This capital augmentation will first and foremost cover the outstanding portion of Ji'an Shengyi's registered capital, with any surplus being allocated to the capital reserve. Furthermore, the board also green-lighted resolutions to utilize raised funds to reimburse self-financed funds that were previously invested in the projects funded by the raised capital and have already covered the issuance expenses. Additionally, the company is permitted to employ up to 1.55 billion yuan of its idle raised funds for cash management purposes.