Securities Code: 002881
Securities Abbreviation: Megvii Intelligent
Announcement Number: 2026-054
Megvii Intelligent Technology Co., Ltd.
Announcement on Termination of Some A-Share Raised Fund Investment Projects and Adjustment of Investment Plan
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Megvii Intelligent Technology Co., Ltd. (hereinafter referred to as the "Company") held the 21st meeting of the Fourth Board of Directors on August 17, 2026, and reviewed and approved the "Proposal on Terminating Some A-Share Raised Fund Investment Projects and Adjusting the Investment Plan." It was agreed that the Company would terminate the "R&D Center Construction Project" in Xi'an based on the actual situation of the A-share raised fund investment projects. The remaining raised funds will be used for the "5G+AIoT Module and Solution Industrialization Project." Concurrently, based on the Company's business development plan, R&D investment, and intelligent manufacturing capacity construction needs, the "5G+AIoT Module and Solution Industrialization Project" has been re-evaluated, and its investment plan has been adjusted.
The "Proposal on Terminating Some A-Share Raised Fund Investment Projects and Adjusting the Investment Plan" needs to be submitted to the Company's shareholders' meeting for review. The relevant situation is hereby announced as follows:
I. Basic情况 of Raised Funds
With the approval of the China Securities Regulatory Commission's "Approval on Megvii Intelligent Technology Co., Ltd.'s Non-public Offering of Shares" (Zhengjian Permit (2022) No. 533), the Company issued 21,208,503 ordinary shares of RMB to specific objects at an issue price of RMB 28.46 per share. The total amount of funds raised was RMB 603.594 million. After deducting issuance expenses (excluding VAT) of RMB 10.6635 million, the net amount of funds raised was RMB 592.9305 million.
The above situation of raised funds being in place has been verified by Xinyongzhonghe Certified Public Accountants (Special General Partnership) and a "Capital Verification Report" (XYZH/2023SZAA7B0002) has been issued. The Company manages the raised funds in a special account and has signed a tripartite custody agreement for the raised funds with the sponsor and the banks where the raised funds are deposited.
II. Use of Raised Funds
Since the net amount of raised funds is less than the planned investment amount for the raised fund investment projects, the Company's Board of Directors has appropriately adjusted the investment amount of the raised fund investment projects based on the actual needs of the projects, without changing the nature of the raised fund investment projects. The committed investment situation after adjustment and the amount already invested as of June 30, 2026, are as follows:
Unit: RMB Ten Thousand Yuan
| Serial No. | Project Name | Total Project Investment | Raised Funds Investment (Before Adjustment) | Raised Funds Investment (After Adjustment) | Amount Already Invested |
|---|---|---|---|---|---|
| 1 | 5G+AIoT Module and Solution Industrialization Project | 44,589.20 | 40,296.24 | 39,229.85 | 12,607.22 |
| 2 | R&D Center Construction Project | 7,368.20 | 5,063.20 | 5,063.20 | 627.90 |
| 3 | Supplementary Working Capital | 15,000.00 | 15,000.00 | 15,000.00 | 15,000. |
| Total | 66,957.40 | 60,359.44 | 59,293.05 | 28,235.12 |
Note: 1. The amount already invested includes the amount of self-owned funds already used to replace the raised funds invested in the projects.
- The sum of some subtotals and detailed numbers in this table may differ due to rounding.