Changchuan Technology (300604.SZ) plans to raise no more than 3.132 billion yuan through private placement to be used for semiconductor equipment research and development projects and to supplement working capital.

Zhitong Financial News, Changchuan Technology (300604.SZ) disclosed the A-share stock issuance plan for 2025 to specific investors. The company plans to issue shares to no more than 35 (inclusive) investors, with the issue price of the shares not lower than 80% of the average trading price of the company's stock over the 20 trading days prior to the pricing date. The number of shares to be issued will be determined by dividing the total funds raised by the issue price. At the same time, the number of shares to be issued to specific investors this time will not exceed 30% of the company's total share capital before this issuance, which is not more than 189 million shares (including this amount).