On July 30, Yujing Shares disclosed its intention to issue shares to no more than 35 specific investors through a streamlined process. The number of shares to be issued will not exceed 30% of the company's total share capital prior to the issuance, with the total funds raised capped at 176 million yuan. Following the deduction of issuance expenses, the proceeds will be allocated to the R&D and industrialization initiatives for 8-12 inch large-scale silicon wafer and silicon carbide cutting, grinding, and polishing equipment. Additionally, the funds will support the construction of overseas marketing service centers and bolster working capital reserves.
