Kangxi Communications: Optimize and adjust the internal investment structure of some fund-raising projects.
Kangxi Communication announced that the company plans to optimize and adjust the internal investment structure of the "Next Generation Wi-Fi RF Front-end Chip R&D and Industrialization Project." The company will reduce "equipment and software purchase expenses" by 60 million yuan, "installation engineering expenses" by 3.6 million yuan, while simultaneously increasing "trial production investment, personnel expenses, and others" by 63.6 million yuan. The total investment amount will remain unchanged. This adjustment is aimed at improving the efficiency of fund utilization and strengthening the company's leading advantage in this field. The matter has been reviewed and approved by the board of directors, and the sponsoring institution has no objections.
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