Zhongke Magnetic announced that the company plans to issue convertible corporate bonds to unspecified targets, raising no more than 609 million yuan in total capital. After deducting issuance fees, it is intended to be used for intelligent manufacturing and industrialization projects and additional working capital for high-performance rare earth permanent magnet components for thermal management systems and robots. The offering was reviewed and approved by the 10th meeting of the 3rd board of directors of the company. It still needs to be reviewed by the shareholders' meeting, reviewed by the Shenzhen Stock Exchange, and registered by the China Securities Regulatory Commission before it can be implemented.

Zhongke Magnetic announced that the company plans to issue convertible corporate bonds to unspecified targets, raising no more than 609 million yuan in total capital. After deducting issuance fees, it is intended to be used for intelligent manufacturing and industrialization projects and additional working capital for high-performance rare earth permanent magnet components for thermal management systems and robots. The offering was reviewed and approved by the 10th meeting of the 3rd board of directors of the company. It still needs to be reviewed by the shareholders' meeting, reviewed by the Shenzhen Stock Exchange, and registered by the China Securities Regulatory Commission before it can be implemented.