Fumiao Technology announced that the company plans to issue A-shares to specific targets, with a total capital of not less than 600 million yuan and no more than 660 million yuan. The distribution targets are the actual controllers Wu Yaofang, Wu Huifang, and Wu Huiying. The three will subscribe at the same price in cash. The net amount of capital raised after deducting issuance fees will be used to supplement working capital or repay bank loans. The number of shares issued this time is no more than 42.9734 million shares. The plan still needs to be reviewed by the shareholders' meeting, reviewed by the Shanghai Stock Exchange, and registered by the China Securities Regulatory Commission.

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