UniTTEC announced the termination of its unmanned perception technology R&D project and will permanently use the remaining raised funds to replenish working capital. The company's board of directors approved the relevant proposal on July 27, 2026, and the extraordinary shareholders' meeting approved it on August 13, 2026. According to the announcement, UniTTEC has permanently replenished working capital with the remaining raised funds of 110.7606 million yuan plus subsequent interest, totaling 110.7932 million yuan, and has cancelled the corresponding special account for raised funds. The tripartite supervision agreement on raised funds signed by the company, the bank, and the sponsor institution has been terminated accordingly. Before permanently replenishing working capital with the terminated project funds, the company had already returned all idle raised funds that had been temporarily used to replenish working capital and had not yet been repaid to the special account for raised funds.
UniTTEC Co LtdTerminates R&D project and uses remaining funds for working capital, indicating project failure and reduced growth prospects.
