Leader Harmonious Drive Systems (688017.SH) plans to invest part of the excess funds raised into the new generation precision transmission device intelligent manufacturing project.

Leader Harmonious Drive Systems (688017.SH) announced that the company held the fifth meeting of the third session of the board of directors and the fourth meeting of the third session of the board of supervisors on February 28, 2025. The meetings approved the proposal to invest the remaining excess raised funds in the "Next Generation Precision Drive System Intelligent Manufacturing Project", and agreed to allocate 75.84 million yuan of excess raised funds to the project.