According to Fangzheng Technology's announcement, the total capital raised by the company by issuing A-shares to specific targets was 1,980 billion yuan, and the net capital raised after deducting issuance fees was 1,963 billion yuan, which has been verified by the capital inspection agency. The company and its wholly-owned subsidiaries Zhuhai Gaomi and Zhuhai Multi-Level have opened a total of 7 special fund-raising accounts. Recently, they signed separate “Tripartite Supervisory Agreements” with the depositary bank, co-sponsors Guojin Securities, and Huajin Securities. The special account funds are only used for artificial intelligence and computing power high-density interconnect circuit board industrial base projects. As of September 18, 2026, the Jiading branch account of the Shanghai Agricultural Commercial Bank under the company's name alone had a special account balance of 1,969 billion yuan, and the balance of the remaining subsidiaries' special accounts was 0.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.