Zhitong Finance App News, Zhejiang Shibao (002703.SZ) announced that the company plans to issue A-shares to specific targets, raising no more than 1,394 billion yuan (including the number of shares). The net amount after deducting issuance fees is intended to be invested in: automobile wire control steering system industrialization construction projects, passenger car next-generation intelligent transfer system industrialization construction projects, automotive electronics PPK product intelligent technology transformation projects, wire control steering and corner module system R&D capacity building upgrading projects, and supplementary liquidity.

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