On September 8th, Wanrun Technology made an announcement stating its intention to augment the capital of its majority-owned subsidiary, Hubei Changjiang Wanrun Semiconductor Technology Co., Ltd., by an amount of 130 million yuan, while also attracting strategic investors. Specifically, Wanrun Technology will inject 100 million yuan in cash, with the remaining 30 million yuan to be sourced through a public offering. Following the capital increase, Wanrun Technology will continue to hold the position of the controlling shareholder. The newly infused funds are earmarked primarily for research and development endeavors as well as for bolstering operational liquidity.
