Zhenbao Technology: Plans to invest 250 million yuan of over-raised funds in the semiconductor component project.

Zhenbao Technology announced that its wholly-owned subsidiary, Wuhan Zhenbao, intends to use 250 million yuan of oversubscribed funds to invest in the construction of a "semiconductor component R&D and production base project," with a total investment of 520 million yuan and a construction period of three years. This proposal has been approved by the board of directors and still requires shareholders' meeting approval. The project aims to enhance the local supply scale of high-precision components, break through capacity bottlenecks, and secure customers; however, there are risks related to technology and customer validation, project progress and benefits, as well as filing and approval.