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Canqun Technology has made a public announcement, revealing its intention to issue a maximum of 120 million A-share stocks to targeted investors in 2026, with the aim of raising a total sum not exceeding 851 million yuan. After deducting the issuance expenses, the proceeds will be allocated towards the research, development, and industrialization of sixth-generation information technology, the industrialization of advanced ceramic packaging solutions, informatization enhancements, and the construction of digital factories. Additionally, a portion of the funds will be utilized to bolster working capital. The issue price will be set through a process of inquiry and is required to be no less than 80% of the average trading price of the stock over the 20 trading days preceding the pricing benchmark date.
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