On October 23, XiCE Testing made public its intention to raise funds through a private share placement to select investors, with the total amount not surpassing 1.193 billion yuan. The proceeds from this capital raise will be allocated to several strategic projects. These include the development of a commercial space quality assurance service platform, the establishment of a testing platform for civil aviation and unmanned equipment, enhancement of testing capabilities in the North China region, the construction of a digital and intelligent inspection and testing platform, as well as bolstering the company's working capital reserves.
