Zhongying Electronics: Intends to raise funds not exceeding 1 billion yuan through private placement to the controlling shareholder, for the research and development and industrialization of high-end industrial-grade chips and other projects.

Zhongying Electronics announced that it plans to raise funds of no more than 1 billion yuan through a private placement to its controlling shareholder, Zhineng Electric. After deducting the issuance expenses, the funds will be used for the research and industrialization projects of high-end industrial-grade analog and mixed-signal chips, high-end industrial-grade main control SoC research and industrialization projects, and supplementary working capital.