Guangdong Aofei Data Technology (300738.SZ) plans to raise up to 1.75 billion yuan through a private placement.

Guangdong Aofei Data Technology (300738.SZ) has announced that the company plans to issue shares to specific targets to raise funds totaling no more than 1.75 billion yuan. After deducting issuance expenses, the funds will be used for the following purposes: the new generation cloud computing and artificial intelligence industrial park (Langfang Guan F building, G building, H building) project, supplementing working capital, and repaying bank loans.