Tsinghua Unigroup's 12 billion yuan fundraising officially approved

On August 17, the Issuance Review Committee of the China Securities Regulatory Commission reviewed the application of Tsinghua Unigroup Co., Ltd. (hereinafter referred to as "Tianjin Unigroup") for non-public issuance of shares. According to the review results of the meeting, the company's application for non-public issuance of shares was approved.

Tsinghua Unigroup stated that at present, the company has not yet received the written approval document from the China Securities Regulatory Commission, and the company will make a separate announcement after receiving the official approval document from the China Securities Regulatory Commission.

In April this year, Tsinghua Unigroup announced a plan for a RMB 12 billion private placement, saying that it plans to issue no more than 600 million shares to no more than 35 specific targets, and the total amount of funds to be raised from the private placement will not exceed RMB 12 billion. The fundraising and investment projects are closely centered on the two core application directions of cloud computing and 5G.

According to the plan, the funds raised by Tsinghua Unigroup will be mainly used for the construction of "cloud computing core technology research and development and application projects for industry intelligent applications", "5G network application key chip and equipment research and development projects" and "new generation ICT product smart factory construction projects", and to supplement working capital.

紫光股份表示，此次募集资金项目的实施，有助于紫光股份加强核心技术的研发实力以及相关技术的商业落地，使得公司云网战略布局更加清晰、核心竞争力显著增强，巩固和提升公司在云计算、5G网络应用等领域的领先和优势地位。