On August 15, Kexiang Shares disclosed its intention to raise up to 300 million yuan through a simplified private placement of shares. The proceeds from this fundraising will be allocated towards upgrading Zhien Electronics' high-end server PCB production lines and augmenting the company's working capital. This strategic move is designed to capitalize on the burgeoning market opportunities presented by AI computing power upgrades, thereby reinforcing Kexiang's competitive edge in the high-end PCB sector.