---
title: "JXAC plans to change the use of the raised funds of 28.95 million for the \"Key Structural Components Project of Series Products.\""
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/259311868.md"
description: "JXAC announced that it plans to use CNY 28.95 million of the raised funds for the \"Key Structural Component Processing Capacity Construction Project for Series Products,\" to replace the completed \"Rail Transit and High-end Equipment Manufacturing Base Construction Project.\" The construction period for the new project is 2 years, aiming to improve capital utilization efficiency, supplement production capacity shortcomings, and ensure order delivery. This proposal has been approved by the board of directors and is pending review by the shareholders' meeting, with independent directors and the sponsoring institution both expressing agreement"
datetime: "2025-09-29T10:38:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/259311868.md)
  - [en](https://longbridge.com/en/news/259311868.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/259311868.md)
---

# JXAC plans to change the use of the raised funds of 28.95 million for the "Key Structural Components Project of Series Products."

On September 30, 2025, JXAC announced plans to change part of the fundraising investment projects. The company will invest the remaining HKD 28.95 million from the completed "Rail Transit and High-end Equipment Manufacturing Base Construction Project" into the "Key Structural Component Processing Capacity Construction Project for Series Products," accounting for 2.30% of the net proceeds from the private placement of shares. The new project has a construction period of 2 years, with a total investment of HKD 28.95 million, all funded by the raised capital. The company stated that the change aims to improve the efficiency of fund utilization, supplement production capacity shortcomings, and ensure order delivery. On September 29, 2025, the board of directors has reviewed and approved this proposal, which still requires approval from the shareholders' meeting. Both independent directors and the sponsoring institution have expressed their agreement

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