Dioo Microcircuits Co. Ltd. Jiangsu ACompany delays three fundraising projects to 2028, causing stock to drop 13.74%

Dioo Micro announced that it has postponed the scheduled completion date for three fundraising projects—the Analog Chip Product Upgrade and Industrialization Project, the Shanghai R&D and Design Center Construction Project, and the Shanghai R&D and Testing Center Construction Project—to December 2028. The company explained that, affected by cyclical fluctuations in the semiconductor industry, downstream end-market demand has been slower to materialize than expected. To improve the efficiency of raised funds and avoid idle fixed assets, the company is advancing the projects in phases, resulting in an overall implementation schedule that lags behind the original plan. Dioo Micro stressed that this delay is a prudent decision, will not materially impact the implementation of the fundraising projects, and does not involve any disguised change in the use of raised funds or harm to shareholder interests. As of the close on July 17, Dioo Micro's stock price fell 13.74 percent to 33.64 yuan per share, with a total market capitalization of 8.33 billion yuan.
Dioo Microcircuits Co. Ltd. Jiangsu ACompany delays three fundraising projects to 2028, causing stock to drop 13.74%