Fangzheng Technology: plans to issue A shares to raise funds of no more than 1.98 billion yuan.

Fangzheng Technology Announcement, the company has obtained approval from the state-owned asset regulatory unit Zhuhai Huafa Group Co., Ltd. to issue A-shares to specific targets in 2025, with the main content being approval for the company to issue A-shares to specific targets for a fundraising amount not exceeding 1.98 billion yuan. At the same time, Zhuhai Hua Shihuanxin Fang Investment Enterprise will participate in the subscription of this A-share issuance, with a subscription amount not exceeding 23.50% of the actual issuance amount and a subscription amount not exceeding 465 million yuan. This issuance still needs to be approved by the company's shareholders' meeting, approved by the Shanghai Stock Exchange, and approved by the China Securities Regulatory Commission before it can be implemented.