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On February 9, Sugon revealed its strategic initiative to issue convertible bonds to undisclosed investors, with the aim of raising a maximum of 8 billion yuan. These funds are earmarked for three pivotal projects: the development of an advanced computing cluster system tailored for artificial intelligence applications, the creation of a next-generation, high-performance all-in-one machine dedicated to AI training and inference, and the construction of a cutting-edge, domestically-produced storage system. Prior to the infusion of these raised funds, the company will make initial investments using its internal resources or self-financed capital. Subsequently, once the raised funds are secured, the company will replace these initial investments in compliance with relevant regulations.
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