Hongfuhan announced that the company plans to use the remaining overraised capital and its own capital to invest in the construction of the “Hongjinhan Robot Precision Metal Component Production Base Project” through its wholly-owned subsidiary Suzhou Hongjinhan Technology. The total planned investment of the project is 1,007 billion yuan, of which 220 million yuan will be invested using the remaining overraised capital and 787 million yuan from its own and self-funded capital.

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