On December 26, Qiangda Circuit made an announcement stating its intention to issue convertible corporate bonds to unspecified investors, with the total value not exceeding 550 million yuan. In line with standard financial practices, after deducting the issuance expenses, the net proceeds generated from this fundraising initiative will be exclusively allocated to the ongoing project of Nantong Qiangda Circuit Technology Co., Ltd. This project is geared towards the annual production capacity of 960,000 square meters of multilayer boards and HDI (High-Density Interconnect) boards. It's worth noting that the construction phase of this project has already commenced.
