Changchuan Technology announced that the company issued 11,163,580 shares to specific targets, raising a total capital of 3.127 billion yuan and a net amount of 3,092 billion yuan. In order to standardize fund management, the company, together with the sponsor, Huatai United Securities, signed “Tripartite Supervision Agreements on Capital Raising” and “Four-Party Supervision Agreements on Capital Raising” with the Technology Branch of the Bank of Hangzhou and the Hangzhou Binjiang Branch of the Agricultural Bank respectively. As of the date of disclosure of the announcement, special accounts have been set up in relevant banks to be used for semiconductor equipment research and development projects, supplementary working capital, etc., and each special account has a corresponding balance.

Changchuan Technology announced that the company issued 11,163,580 shares to specific targets, raising a total capital of 3.127 billion yuan and a net amount of 3,092 billion yuan. In order to standardize fund management, the company, together with the sponsor, Huatai United Securities, signed “Tripartite Supervision Agreements on Capital Raising” and “Four-Party Supervision Agreements on Capital Raising” with the Technology Branch of the Bank of Hangzhou and the Hangzhou Binjiang Branch of the Agricultural Bank respectively. As of the date of disclosure of the announcement, special accounts have been set up in relevant banks to be used for semiconductor equipment research and development projects, supplementary working capital, etc., and each special account has a corresponding balance.