---
title: "CHOHO: Adjusts the 2025 private placement plan, raising the fundraising cap to 698 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290940881.md"
description: "CHOHO announced an adjustment to the plan for issuing A-shares to specific targets in 2025, reducing the total fundraising cap from 704 million yuan to 698 million yuan. Among them, the fundraising amount for the \"integrated R&D and manufacturing project of micro-chain system hardware and software\" has been reduced from 153 million yuan to 148 million yuan, while the other projects remain unchanged. This issuance is still subject to review by the Shenzhen Stock Exchange and registration with the China Securities Regulatory Commission"
datetime: "2026-06-26T09:15:52.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290940881.md)
  - [en](https://longbridge.com/en/news/290940881.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290940881.md)
---

# CHOHO: Adjusts the 2025 private placement plan, raising the fundraising cap to 698 million yuan

CHOHO announced that the company's previously disclosed plan to issue A-shares to specific targets for the year 2025 has been approved by the board of directors and the shareholders' meeting. On June 26, 2026, the company's board of directors approved an adjustment plan, reducing the total fundraising cap from 704 million yuan to 698 million yuan, a reduction of 5.5351 million yuan. The amount of funds raised for the "integrated R&D and manufacturing project of micro-chain system hardware and software" was adjusted from 153 million yuan to 148 million yuan, while the agricultural machinery component expansion project and the supplementary working capital project remain unchanged. This issuance still requires approval from the Shenzhen Stock Exchange and registration with the China Securities Regulatory Commission

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