To Shang Technology: Use a portion of the over-raised funds for the investment in the construction of a smart manufacturing production base in Vietnam project.

Techshang Technology announced on the evening of July 31 that the company will use the excess funds of 180 million yuan raised from the initial public offering of shares to invest in the construction of the "Vietnam Intelligent Manufacturing Production Base Construction Project," expanding the company's main business product line and enriching product categories, increasing production capacity to meet market and customer demands.