Chengtian Weiye has revealed its strategic plan to issue shares to select investors, aiming to raise a maximum of 800 million yuan. Following the deduction of issuance expenses, the net funds generated will be exclusively earmarked for a range of pivotal projects. These include the industrialization of liquid cooling systems, the expansion of semiconductor packaging material capabilities, the establishment of a state-of-the-art liquid cooling research and development (R&D) center, the enhancement of group-wide informatization infrastructure, and the replenishment of working capital reserves. Prior to the actual receipt of the raised funds, the company retains the flexibility to utilize its internally generated funds for preliminary investments. Subsequently, these initial outlays will be systematically replaced in accordance with established procedures once the raised capital becomes available.
