Changlian Technology (002879.SZ) plans to raise funds through private placement of no more than 460 million yuan.

Zhitong Finance APP News, Changlan Technology (002879.SZ) disclosed the 2025 annual plan to issue shares to specific parties. The company plans to issue shares to no more than 35 recipients, totaling no more than 57.93292 million shares. The total amount of funds raised will not exceed 460 million yuan, of which the net proceeds after deducting related issuance expenses will be used for the expansion of production capacity of high-voltage and ultra-high-voltage cable accessories, technological renovation projects in the power equipment industry, research and development center construction projects, marketing and service system construction projects, information system upgrade construction projects, as well as supplementing working capital.