XiaSha Precision: Plans to issue A-shares to specific targets to raise no more than 800 million yuan

XiaSha Precision announced that it plans to issue A-shares to specific targets to raise no more than 800 million yuan. The net amount after deducting issuance costs will be used entirely for the industrialization projects of core components of intelligent transmission systems, equipment development and industrialization projects, technology research and application center construction projects, as well as to supplement working capital and repay debts. The number of shares to be issued will not exceed 18.8552 million shares, and the issuance price will not be lower than 80% of the average price of the company's shares over the twenty trading days prior to the pricing benchmark date. The final issuance targets will be determined in consultation with the sponsoring institution after the company obtains the registration decision from the China Securities Regulatory Commission