Mingyang Circuit: intends to issue convertible bonds to raise funds not exceeding 1.2 billion yuan, of which no more than 990 million yuan will be invested in the project of producing 100,000 square meters of high-end HDI artificial intelligence computing products.

Mingyang Circuit announced that it plans to issue convertible corporate bonds to the general public to raise funds not exceeding 1.2 billion yuan. The net proceeds from the fundraising, after deducting issuance expenses, are intended to be invested in the project for the production of 100,000 square meters of high-end artificial intelligence HDI computing products and to supplement working capital and repay bank loans.