ZCZL Industrial Technology Group (00564) is planning to issue Class A convertible bonds to raise funds not exceeding 4.35 billion yuan.

ZCZL Industrial Technology Group (00564) announced that the company plans to issue A-share convertible corporate bonds to unspecified investors. The total amount of funds raised for this issuance of A-share convertible bonds shall not exceed RMB 4.35 billion (including RMB 4.35 billion). The A-share convertible bonds will be issued at face value, with each bond having a face value of RMB 100. The net proceeds from this issuance of convertible bonds are intended to be used for investment in the New Energy Vehicle High-end Components Industry Base Project, High-end Hydraulic Components Production System Intelligent Upgrade Project, Intelligent Manufacturing Full Scene R&D Center Project, Intelligent Mobile Siasun Robot & Automation Manufacturing Base Project, and to supplement working capital.