Qiangda Circuit: plans to issue convertible bonds of no more than 550 million yuan to invest in the construction of multilayer boards and HDI board projects.

Qiangda Circuit announced that it intends to issue convertible corporate bonds to unspecified investors, raising a total of up to 550 million yuan. After deducting issuance costs, the funds will be invested in the annual production of 960,000 square meters of multilayer boards and HDI boards by Nantong Qiangda Circuit Technology Co., Ltd. The total investment for this project is 1 billion yuan, and construction has already commenced with a duration of 24 months. The company stated that the project will increase production capacity, enhance market competitiveness, adapt to the trend of industrial upgrading, meet market demand, and have good market prospects. It is also in line with national industrial policies.