Loongson Technology: plans to issue up to 2.3 billion yuan of A shares to specific investors.

Loongson Technology announced that the 14th meeting of the second board of directors approved the proposal to issue A shares to specific targets. The number of shares issued this time will not exceed 40.1 million, accounting for 10% of the total share capital before the issuance, and the fundraising will not exceed 2.3 billion yuan, used for research and development of information technology chips and industrialization projects. The number of recipients will not exceed 35, with a lock-up period of 6 months, and the shares will be listed on the Science and Technology Innovation Board. The above proposal still needs to be submitted to the shareholders' meeting for approval.