Gelonghui February 22nd 丨HKUST Intelligence (300222.SZ) announced that on February 22, 2023, the 7th meeting of the fifth board of directors held by the company deliberated and passed the “Proposal on Changing the Use of Funds Raised by Some Projects and Permanently Supplementing Liquidity”, agreeing to terminate the high-end intelligent equipment industrialization project and commit the project to invest capital and interest to permanently supplement working capital. The matter of changing the use of funds raised for some projects and permanently replenishing working capital has yet to be submitted to the company's shareholders' meeting for consideration.