Shenzhen Stock Exchange: On September 30, 2026, your company disclosed that it intends to issue A shares to no more than 35 specific investors. The total capital raised in this offering will not exceed RMB 2.83 billion. My department is concerned about this. According to the distribution plan, the funds raised will be used for digital copyright content resource upgrade construction projects, IP derivative content development projects, AI large model technology research and development and upgrade projects, AIGC multi-modal content platform technology upgrade construction projects, and intelligent centralization technology upgrade construction projects. Please ask your company to: explain the commercial rationality, technical feasibility, and impact of the above fund-raising projects on the company's product structure, production and operation based on the company's R&D investment, technical level, R&D technical staffing, etc.; explain the planning rationality of the above fund-raising projects based on AIGC industry technology development and market demand; and conduct a detailed economic benefit evaluation of the fundraising projects one by one based on responses to the above questions and expected revenue, profit, return on investment, etc.

Zhitongcaijing · 2d ago
Shenzhen Stock Exchange: On September 30, 2026, your company disclosed that it intends to issue A shares to no more than 35 specific investors. The total capital raised in this offering will not exceed RMB 2.83 billion. My department is concerned about this. According to the distribution plan, the funds raised will be used for digital copyright content resource upgrade construction projects, IP derivative content development projects, AI large model technology research and development and upgrade projects, AIGC multi-modal content platform technology upgrade construction projects, and intelligent centralization technology upgrade construction projects. Please ask your company to: explain the commercial rationality, technical feasibility, and impact of the above fund-raising projects on the company's product structure, production and operation based on the company's R&D investment, technical level, R&D technical staffing, etc.; explain the planning rationality of the above fund-raising projects based on AIGC industry technology development and market demand; and conduct a detailed economic benefit evaluation of the fundraising projects one by one based on responses to the above questions and expected revenue, profit, return on investment, etc.