Jiangsu NanFang Precision (002553.SZ) plans to increase its fundraising by no more than 366 million yuan.

Jiangsu NanFang Precision (002553.SZ) announced that the company intends to issue A-shares to specific targets, raising a total amount of funds not exceeding 366 million yuan (including issuance expenses). After deducting issuance expenses, all funds raised will be used for the "precision braking and transmission component production line construction project" and the "precision industrial bearing production line construction project."