Zhiyang Innovation: Plans to raise 904 million yuan for multiple projects R&D and to supplement working capital.

Zhiyang Innovation announced that the company will issue shares to specific targets, raising a total of no more than 904 million yuan. After deducting issuance expenses, all funds are intended for four projects, including the development of multi-domain embodied intelligence and AI entities, the replenishment of working capital, and repaying interest-bearing debt of 250 million yuan. The company's operating scale continues to grow, with an annual compound growth rate of 21.66% in revenue from 2023 to 2025. This fundraising will expand business areas, enrich the product structure, and enhance long-term profitability and overall competitiveness. Currently, some project registrations and environmental impact assessments are underway.