On June 12th, Shunjing Technology unveiled its strategy to issue A-shares to targeted investors, with the objective of amassing a sum not exceeding 1.077 billion yuan. Following the deduction of issuance-related expenses, the proceeds will be allocated to various projects. These encompass the construction of a facility capable of producing 10 million pressure sensors annually, the development of a production line for 3 million IMUs (Inertial Measurement Units) per year, the establishment of a research and development hub, and the replenishment of working capital.
