According to Zhitong Finance App, Iwayama Technology (002195.SZ) announced that the company's holding subsidiary Nullmax (Cayman) plans to launch Series C financing, with a maximum financing amount of 100 million US dollars, and first introduce a leading domestic automotive-grade chip company with deep business synergy effects through capital increases and stock expansion to participate in Series C financing as a strategic investor. The Series C investor plans to increase capital to Nullmax (Cayman) with US$10 million, corresponding to the pre-investment valuation of Nullmax (Cayman) of US$425 million, corresponding to RMB 3,06.8 billion based on the median exchange rate announced by the China Foreign Exchange Trading Center on the day the “Purchase Agreement” was signed, which is an increase of 9.04% over Nullmax (Cayman)'s valuation of RMB 2,757.5 billion after the previous Series B financing investment. After the capital increase was completed, the C round investor's shareholding ratio in Nullmax (Cayman) was 2.45%. The transaction is conducive to further promoting the strategic cooperation between Newmax Technology and Series C investors.

According to Zhitong Finance App, Iwayama Technology (002195.SZ) announced that the company's holding subsidiary Nullmax (Cayman) plans to launch Series C financing, with a maximum financing amount of 100 million US dollars, and first introduce a leading domestic automotive-grade chip company with deep business synergy effects through capital increases and stock expansion to participate in Series C financing as a strategic investor. The Series C investor plans to increase capital to Nullmax (Cayman) with US$10 million, corresponding to the pre-investment valuation of Nullmax (Cayman) of US$425 million, corresponding to RMB 3,06.8 billion based on the median exchange rate announced by the China Foreign Exchange Trading Center on the day the “Purchase Agreement” was signed, which is an increase of 9.04% over Nullmax (Cayman)'s valuation of RMB 2,757.5 billion after the previous Series B financing investment. After the capital increase was completed, the C round investor's shareholding ratio in Nullmax (Cayman) was 2.45%. The transaction is conducive to further promoting the strategic cooperation between Newmax Technology and Series C investors.