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On July 21, Liteon Technology unveiled a proposal (second revised version) regarding the issuance of convertible corporate bonds to unspecified entities, aiming to raise a total amount not exceeding 524.7798 million yuan. Following the deduction of issuance expenses, these funds will be allocated to the construction endeavor of the Pucheng Liteon Optoelectronic New Materials Production and R&D Base, as well as the digital and intelligent enhancement and renovation initiative for the production workshop. Prior to this, on July 20, Liteon Technology convened a board meeting to scrutinize and endorse modifications to the convertible bond issuance strategy. The issuance scale was trimmed down from an upper limit of 698 million yuan to no more than 524.7798 million yuan, and the project aimed at replenishing working capital was scrapped.
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