Xinbang Intelligence announced that the company plans to terminate the “Intelligent Manufacturing Innovation R&D Center Project” and the “Informatization Upgrade Construction Project.” As of November 30, 2025, the two projects had invested a total of 54.6533 million yuan, and the balance of unused funds raised was 179.4796 million yuan. The reason for termination was due to differences in the industry market environment, downstream demand and expectations, and the decision was made to reduce risk. The company met with the board of directors on December 12, 2025 to review and pass the bill, which still needs to be reviewed by the shareholders' meeting. The termination of the project is conducive to optimizing the allocation of resources and improving the efficiency of the use of funds.

Xinbang Intelligence announced that the company plans to terminate the “Intelligent Manufacturing Innovation R&D Center Project” and the “Informatization Upgrade Construction Project.” As of November 30, 2025, the two projects had invested a total of 54.6533 million yuan, and the balance of unused funds raised was 179.4796 million yuan. The reason for termination was due to differences in the industry market environment, downstream demand and expectations, and the decision was made to reduce risk. The company met with the board of directors on December 12, 2025 to review and pass the bill, which still needs to be reviewed by the shareholders' meeting. The termination of the project is conducive to optimizing the allocation of resources and improving the efficiency of the use of funds.