Ruijie Networks has unveiled its intention to issue convertible bonds, aiming to secure funds of no more than 2.6 billion yuan. The proceeds from this bond issuance will be earmarked for three R&D and industrialization endeavors: the development of high-speed interconnected network systems tailored for large-scale intelligent computing clusters, the creation of high-speed network switching units along with comprehensive solutions for high-density computing clusters, and the advancement of key technologies essential for the next generation of computing-network integration. Additionally, a portion of the funds will be utilized to bolster working capital.
