Stock Code: 301248 Stock Abbreviation: Nexwise Intelligence Announcement No.: 2026-039
Nexwise Intelligence China Limited
(No. 88 Ruixiang Road, Huangpu District, Guangzhou, Guangdong Province)
Feasibility Analysis Report on the Use of Proceeds from the 2026 Issuance of A-Shares to Specific Targets
June 2026
I. Use Plan for Proceeds from this Issuance
The total amount of proceeds from this issuance shall not exceed 1,965.0688 million RMB (inclusive). The net proceeds after deducting issuance expenses will be used entirely for the following projects:
Unit: 10,000 RMB
| No. | Project Name | Investment Amount | Proposed Proceeds Investment |
|---|---|---|---|
| 1 | Smart Computing Cloud Service Center Project | 148,028.46 | 148,028.46 |
| 2 | AI+ Security Equipment R&D and Industrialization Project | 13,478.42 | 13,478.42 |
| 3 | Working Capital Replenishment | 35,000.00 | 35,000.00 |
| Total | 196,506.88 | 196,506.88 |
If the actual proceeds from this issuance (after deducting issuance expenses) are less than the total proposed investment, the Board of Directors will arrange the specific use of proceeds based on the importance and urgency of the projects, and any shortfall will be covered by self-raised funds. Before the proceeds are received, if the company invests in the aforementioned projects using its own funds, it will replace such funds in accordance with relevant laws and regulations after the proceeds are received. Within the scope of the finally determined projects, the Board of Directors may make appropriate adjustments to the investment sequence and amounts based on actual project needs.
II. Implementation Background of the Investment Projects
(I) The world has entered a new round of AI competition, and China has established "AI+" as a national strategic action.
Since the release of ChatGPT in November 2022, the AI wave has swept the globe, changing production and lifestyles at an unprecedented speed, breadth, and depth. Major countries and regions have elevated AI to a national strategic level, such as the U.S. "Stargate Project" launched in January 2025 and the EU's "AI Continent Action Plan" released in April 2025.
China attaches great importance to the innovation and development of the AI industry. In March 2024, "AI+" was written into the "Government Work Report" for the first time. In March 2025, the "Government Work Report" explicitly proposed "continuously promoting the 'AI+' action" and "supporting the widespread application of large models." In October 2025, the "Proposal of the CPC Central Committee on Formulating the 15th Five-Year Plan for National Economic and Social Development" proposed fully implementing the "AI+" action. In March 2026, the "Government Work Report" explicitly proposed creating new forms of intelligent economy.
According to data released by the Ministry of Industry and Information Technology, as of the end of 2025, the number of AI enterprises in China exceeded 6,200, with the core industry scale exceeding 1.2 trillion RMB. China has built 42 ten-thousand-card smart computing clusters, with a smart computing power scale exceeding 1,590 EFLOPS.
(II) China's digital economy construction continues to deepen, laying a solid foundation for "AI+" development.
In recent years, China's digital infrastructure construction has become a key driver for high-quality digital economic development. With the comprehensive advancement of major projects such as the Industrial Internet, Smart Cities, and Digital Government, the total volume of data in society has shown explosive growth, providing indispensable "fuel" for the training and optimization of AI algorithms.
To systematically address the challenges of the new stage of digital transformation, the CPC Central Committee and the State Council issued the "Overall Layout Plan for the Construction of a Digital China" in February 2023. In October 2025, the "Proposal of the CPC Central Committee on Formulating the 15th Five-Year Plan for National Economic and Social Development" further emphasized "deepening the construction of a Digital China."