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On June 30th, Jiechuang Intelligence unveiled its strategy to issue A-share stocks to a maximum of 35 designated investors, with the objective of raising up to 1.965 billion yuan. The proceeds will be allocated towards the construction of an intelligent computing cloud service center, the research, development, and commercialization of AI-powered security equipment, as well as to bolster working capital. This stock issuance will not lead to any alteration in the company's control structure. Prior to this, Jiechuang Intelligence had already committed 790 million yuan to the development of an intelligent computing cloud service project, which is anticipated to commence generating operational billing revenue and cash flow starting from the third quarter of 2025.
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