Vastdata's board of directors has approved an adjustment to its 2026 A-share private placement plan, reducing the total amount to be raised from no more than 701.61 million yuan to no more than 613.75 million yuan. The total investment for the two projects remains unchanged at 701.61 million yuan. The planned fundraising allocation for the next-generation high-performance hybrid transaction and analytical database project stays at 488.75 million yuan. The allocation for the multimodal time-series database project is cut from 212.86 million yuan to 125 million yuan, a reduction of 87.86 million yuan. Only the amounts are adjusted; other terms remain unchanged. Under shareholder authorization, the revision does not need to be submitted to a shareholders' meeting again, but still requires review by the Shanghai Stock Exchange and registration approval from the China Securities Regulatory Commission.
Beijing Vastdata Technology Co LtdCompany reduces its private placement fundraising cap, lowering planned capital raise.
