Holloway: Change in the use of raised funds to 143 million yuan

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Hollevo announced that it plans to change the use of raised funds to 143 million yuan.
The original project name was “Digital Phased Array Testing and Verification System Industrialization Project,”
and the new project name is “Research and Development and Industrialization of Next-Generation Intelligent Electromagnetic CAE Software Platform.”
The company’s Fourth Board of Directors’ Sixth Meeting approved the proposal “On Changing the Investment Project of Raised Funds and Using Excess Funds to Invest in New Projects,”
agreeing to change the original fundraising project “Digital Phased Array Testing and Verification System Industrialization Project” to “Research and Development and Industrialization of Next-Generation Intelligent Electromagnetic CAE Software Platform,”
and to invest all excess funds (including interest, etc.) of 7.9046 million yuan into the new project.
The new project is expected to be operational by April 2029.

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