
SinoDaan plans to raise no more than 366 million yuan through a private placement to Xiamen Jianxi

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SinoDaan plans to conduct a private placement of A shares to Xiamen Jianxi, with an issue price of 8.70 yuan per share, not exceeding 42.0402 million shares, and the total fundraising amount is expected to not exceed 366 million yuan. After the issuance, Xiamen Jianxi will become the controlling shareholder, with Wang Li as the actual controller. The raised funds will be used to supplement working capital and repay debts
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