Zhitong Finance APP news, Xinan Century (688201.SH) announced the plan to issue convertible corporate bonds to unspecified investors this time, with a total fundraising amount not exceeding RMB 0.498 billion (including this amount), the specific fundraising amount to be determined by the company's shareholder meeting authorizing the board of directors (or authorized individuals) within the above limit. The net proceeds of the fundraising after deducting issuance expenses will be used for the following projects:

1. Research and productization of domestic commercial cryptographic key technologies project, with a planned investment of 0.317 billion yuan from the fundraising; 2. Research and productization project of circulating cni data factor index and data security key technologies, with a planned investment of 0.181 billion yuan from the fundraising.