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Fengli Intelligent has unveiled its intention to conduct a private placement of shares in 2025, targeting a maximum fundraising amount of 730 million yuan. Following the deduction of issuance costs, these funds will be strategically allocated to various projects, including the smart manufacturing of precision power gears for new energy vehicles, the development of new-generation precision transmission systems, the construction of a dedicated precision transmission R&D center, and the augmentation of working capital. Notably, the company's de facto controllers, Wang Youli and Huang Weihong, along with the controlling shareholder Fengli Transmission, plan to subscribe to the newly issued shares with a cash commitment ranging from 70 million yuan to 140 million yuan. Wang Youli and Huang Weihong will subscribe for an equal number of shares and amount.
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