Zhen'an Technology: Second Revised Stock Issuance Plan, Proposes to Raise No More Than 630 Million Yuan through Private Placement to Actual Controllers and Others

On August 3, Zhenan Technology disclosed the second revised plan for offering stocks to specific targets. This revision adjusted the total amount of funds to be raised and the subscription amounts from Ms. Ning Huaxiang and Shenzhen Dongchuang Smart Technology Co., Ltd. According to the second revised plan, the company intends to issue stocks to Ning Huaxiang and Dongchuang Smart to raise no more than 630 million yuan, which will be used to replenish working capital and repay bank loans. Ning Huaxiang is one of the company's co-controlling shareholders, and Dongchuang Smart is another enterprise jointly controlled by the company's controlling shareholders, Ning Huaxiang and Zhou Jianqi.