$200$ million in capital shifting from automotive-grade chip boards to advanced AI high-density interconnect (HDI); how much benefit can Mingyang capture from this positioning of its computing power? We’ll see once the shareholders’ meeting is finalized.

CoinWorld News, Mingyang Electric announced that the company plans to change the "Annual Production of 120k Square Meters of New Energy Vehicle PCB Dedicated Line Construction Project" and will invest the unused 203 million yuan of raised funds into a new project, the "Annual Production of 100k Square Meters of Artificial Intelligence Advanced HDI Computing Power Product Project," with the implementation still led by the wholly-owned subsidiary Zhuhai Mingyang. The original project has already invested 73.81 million yuan. The reason for the change is due to changes in the market environment and uncertainties in the benefits of new energy vehicle PCBs. The new project has a total investment of 120k yuan, a construction period of 24 months, and an expected after-tax internal rate of return of 12.46% upon reaching production. This matter has been approved by the board of directors and still needs to be submitted for shareholder approval.