On September 12, Pietro Technologies made public its intention to issue A-share stocks to a maximum of 35 designated entities, with the goal of raising a total of no more than RMB 4.6 billion. After accounting for issuance expenses, the net funds will be channeled into three key areas: the construction project for an industrialization base dedicated to high-end semiconductor equipment, the establishment of a cutting-edge technology R&D center, and the augmentation of working capital.

Specifically, the industrialization base project for high-end semiconductor equipment, which initially tapped into RMB 268 million from the proceeds of its initial public offering, now seeks to inject an additional RMB 1.5 billion. This project envisions setting up a state-of-the-art industrialization hub in the Hunnan District of Shenyang City, Liaoning Province. The hub will encompass clean production facilities, three-dimensional warehouses, testing laboratories, and more. It will also incorporate cutting-edge production support software and hardware, thereby crafting a large-scale, intelligent, and digitally advanced industrialization base for high-end semiconductor equipment.

Furthermore, the cutting-edge technology R&D center project is earmarked to receive an investment of RMB 2.001 billion. This investment will fuel the research and development of various advanced thin-film deposition equipment, as well as the creation of a new generation of automated control systems and control software architectures.

Additionally, the company plans to allocate RMB 1.1 billion of the raised funds to bolster its working capital. This strategic move is aimed at easing operational capital constraints, refining the financial structure, and mitigating the asset-liability ratio along with financial risks.