---
title: "Yowant Technology plans to terminate two fundraising projects, with remaining funds to be supplemented pending shareholder meeting approval"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/256515974.md"
description: "Yowant Technology announced the termination of two fundraising projects for the non-public issuance of A shares in 2020, namely the \"YOWANT Digital Marketing Cloud Platform Construction Project\" and the \"Innovation Technology Research Institute Construction Project.\" The remaining raised funds will be permanently used to supplement working capital and need to be submitted for shareholder meeting approval. As of August 31, 2025, the adjusted fundraising investment amount for the two projects is CNY 1,290.8539 million, with a cumulative investment of CNY 544.8355 million, leaving a remaining amount of CNY 766.0245 million. The reason for termination is that the iteration of AI technology has made the originally planned software and hardware difficult to meet demand, and the company's business focus has shifted to social e-commerce and self-owned brands"
datetime: "2025-09-09T08:48:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/256515974.md)
  - [en](https://longbridge.com/en/news/256515974.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/256515974.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/256515974.md) | [繁體中文](https://longbridge.com/zh-HK/news/256515974.md)


# Yowant Technology plans to terminate two fundraising projects, with remaining funds to be supplemented pending shareholder meeting approval

On September 9, 2025, Yowant Technology announced that its sixth board of directors' seventh meeting and the fifth supervisory board's thirty-third meeting approved the termination of the "YOWANT Digital Marketing Cloud Platform Construction Project" and the "Innovation Technology Research Institute Construction Project" for the non-public issuance of A-shares in 2020. The remaining raised funds will be permanently supplemented to working capital, and this matter needs to be submitted to the shareholders' meeting for deliberation. As of August 31, 2025, the adjusted fundraising investment amount for the two projects is 1,290,853.9 thousand yuan, with a cumulative investment of 544,835.5 thousand yuan and a remaining amount of 766,024.5 thousand yuan. The reason for termination is that the iteration of AI technology makes it difficult for the original planned software and hardware to meet the demand, and the company's business focus has shifted to social e-commerce and self-operated brands

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