In order to build the core components of intelligent robots and autonomous driving systems for cars, Five Continents Xinchun (603667.SH) plans to raise up to 1 billion yuan through private placement.

The Zhitong Finance APP reported that Wuzhou XinChun (603667.SH) disclosed the plan to issue A shares to specific investors in 2025. The company plans to issue shares to no more than 35 specific investors at a price not lower than 80% of the average stock trading price of the previous 20 trading days before the pricing reference date. The quantity will be determined by the total amount of funds raised and the share price, not exceeding 30% of the total share capital of the company before this issuance, i.e. not exceeding 110 million shares.