Yuanwang Valley: plans to raise funds of not more than 300 million RMB for projects such as the construction of RFID electronic tag production lines.

Yuanwang Valley announced on the evening of July 15th that it plans to issue shares to specific targets through a simplified procedure to raise funds of up to 300 million yuan, which will be used for the construction of the RFID electronic tag production line project, the construction of the Xi'an Innovation Industry Center project, the RFID electronic tag chip technology upgrade project, and to supplement working capital.