ThunderSoft closed its vehicle operating system project with 40 percent unspent
Shareholders approved ending the project funded by the software house's 2022 share placement and moving the unspent proceeds permanently into working capital.
Shareholders of ThunderSoft voted on September 10 to close out four investment projects funded by the company’s 2022 share placement and to transfer the unspent proceeds permanently into working capital. The resolution passed with 99.78 percent of votes cast, according to the company’s filing to the Shenzhen Stock Exchange.
One of the four was the whole-vehicle operating system research and development project. The figures sit in the separate August 26 announcement the meeting approved, numbered 2026-047, which recorded 647.3 million yuan committed to that project from the placement and 385.9 million invested, leaving a surplus of 261.5 million yuan — just over 40 percent of the commitment unspent. Across all four projects the surplus came to 871.3 million yuan, with a further 144.6 million yuan of net interest.
The same announcement recorded that the 2022 placement issued 30,097,087 shares, and that cumulative deployment across all projects stood at 71.78 percent of net proceeds as of August 13.
The company declared all four projects to have reached their intended usable state. The other three covered edge computing stations, extended reality, and distributed computing network technology.
The completion deadline had already been extended once, from September 2025 to September 2026, by a board decision in April 2025. ThunderSoft attributed the surplus to controlled spending and to abandoning a planned office-property purchase, citing pressure on commercial real-estate valuations.
ThunderSoft supplies operating system and platform software to carmakers and chip vendors, and holds joint ventures with several of them.