Zhonghaida: It is proposed to permanently supplement working capital with the remaining raised funds of approximately 122 million yuan.

China Pacific Insurance Group announced that the company plans to issue shares to specific parties in 2020 to raise funds for investment projects, and to use the surplus funds of approximately 122 million yuan to permanently supplement working capital. The total amount of funds raised this time is 510 million yuan, and after deducting issuance expenses, the actual net amount of funds raised is 501 million yuan. The surplus funds of the project are mainly due to the company's careful planning and cost control for the research and industrialization of "intelligent driving high-precision positioning software and hardware products", as well as investment income obtained from managing idle funds.