Zhengyu Industrial: Plans to raise no more than 450 million yuan through a private placement, which will be used for the Zhengyu Smart Manufacturing Park project and to supplement working capital.

On the evening of July 18, Zhengyu Industrial announced that it plans to issue A-shares to no more than 35 specific investors, with a total amount not exceeding 30% of the company's total share capital before this offering, raising a total of no more than 450 million yuan. The net proceeds of the fundraising, after deducting issuance expenses, will be used for the Zhengyu Intelligent Manufacturing Park project and to supplement working capital. Any shortfall in funds raised will be resolved using the company's own funds.