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FINWIRES

Dawning Information Industry Proposes Convertible Bond Issue for AI, Storage Push

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Dawning Information Industry (SHA:603019) on Monday filed a prospectus for a convertible bond issue to unspecified investors.

Proceeds are earmarked toward an artificial intelligence computing cluster system, a next-generation AI training-inference integrated machine and a domestic advanced storage system.

Shares of the supercomputer manufacturer were down 1% in recent trade.

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