Qipai Technology (stock code: 688216.SH) plans to raise no more than 159 million yuan through a private placement to its controlling shareholder.

Zhtng cijng APP news, Qi Pi Technology (688216.SH) disclosed the plan to issue A shares to specific objects, the issuing objects are Mr. Ling Dzhng, Ms. Bi Yng, and Mr. Ling Hut. Mr. Ling Dzhng and Ms. Bi Yng are the actual controllers of the company, while Mr. Ling Hut is the son of Mr. Ling Dzhng and Ms. Bi Yng. Mr. Ling Dzhng, Ms. Bi Yng, and Mr. Ling Hut are related parties of the company, and this issuance constitutes a related transaction. The total amount of funds to be raised in this issuance is not more than 159 million yuan (including this amount), and the net amount of funds to be raised after deducting related issuance expenses will be used entirely for supplementing working capital.