Zhongjing Electronics: Signed Tripartite Supervision Agreement for Raised Funds

Zhongjing Electronics announced that the company issued 47.0114 million A-shares to specific targets at an issue price of RMB 14.89 per share, raising a total of RMB 700 million, with net proceeds of RMB 687 million after deducting issuance expenses. The relevant funds have been transferred to the dedicated fundraising account and have been verified. The company and the lead underwriter Shenwan Hongyuan Securities Underwriting and Sponsorship Co., Ltd. have respectively signed the Tripartite Supervision Agreement for Fundraising Funds with China Construction Bank Huizhou Branch, Bank of Communications Zhuhai Branch, and Shanghai Pudong Development Bank Huizhou Branch. The raised funds will be used for the Thailand PCB Intelligent Manufacturing Base project, the Huizhou Zhongjing production line technical transformation and upgrading project, and to supplement working capital.