Beijing Tongyou Feiji Technology Co., Ltd. 2026 Analysis Report on the Feasibility of Issuing A Shares to Specific Objects
Beijing Tongyou Feiji Technology Co., Ltd. (hereinafter referred to as "the Company") is a company listed on the Growth Enterprise Market of the Shenzhen Stock Exchange. To meet the Company's capital needs for business development, increase its capital strength, and enhance its profitability, in accordance with the "Company Law," "Securities Law," "Administrative Measures for the Registration of Issuance of Securities by Public Companies" (hereinafter referred to as the "Registration Measures") and "Opinions on the Application of Relevant Provisions of the Administrative Measures for the Registration of Issuance of Securities by Public Companies, Ninth, Tenth, Eleventh, Thirteenth, Fortieth, Fifty-seventh, and Sixtieth Articles - Securities and Futures Legal Application Opinions No. 18" (hereinafter referred to as "Securities and Futures Legal Application Opinions No. 18") and other relevant laws, regulations, and normative documents, the Company plans to issue no more than 143,779,139 A shares (including the number) to specific objects, with the expected fundraising not exceeding RMB 999.835 million (including the amount). After deducting issuance expenses, the net proceeds will be used for the following projects:
| Project | Total Investment (RMB million) | Funds to be Raised (RMB million) |
|---|---|---|
| R&D Center Project for Enterprise-grade Storage Systems and SSDs for All AI Scenarios | 47,281.12 | 45,904.00 |
| Intelligent Manufacturing Project for Enterprise-grade Storage Systems and SSDs | 27,396.72 | 19,790.70 |
| Marketing Experience Center Project | 4,788.80 | 4,788.80 |
| Supplement Working Capital | 29,500.00 | 29,500.00 |
| Total | 108,966.64 | 99,983.50 |
Unless otherwise specified in this report, the terms used herein have the same meanings as defined in the "Pre-plan for Beijing Tongyou Feiji Technology Co., Ltd.'s Issuance of A Shares to Specific Objects in 2026."
I. Background and Objectives of the Current Issuance of Shares to Specific Objects
(I) Background of the Current Issuance of Shares to Specific Objects
- Full-stack Deployment Solidifies Core Storage Advantages and Seizes Industry Opportunities to Facilitate the Company's Leapfrog Development
The Company has been deeply involved in the research and development of independent and controllable enterprise-grade storage systems for a long time. Through continuous technological investment, it has promoted the high-end upgrading of its products. Its products have been applied in domestic artificial intelligence data center projects, and its core technological capabilities have been validated by the market, making them adaptable to the high-end storage demands of the artificial intelligence industry. Building on breakthroughs in storage system technology, the Company is proactively deploying in the core industrial chain of enterprise-grade SSDs and controllers, thereby perfecting its industrial ecosystem layout.