Zhongying Electronics announced that the company issued 494.071 million A-shares to specific targets at an issue price of 20.05 yuan/share, and raised a total capital of 991 million yuan. The net capital raised after deducting issuance fees was 984 million yuan. The capital raised has already been verified. The company and its wholly-owned subsidiaries Xi'an Zhongying and Hefei Zhongying opened special fund-raising accounts at 5 banks for high-end industrial-grade analog and digital-analog hybrid chip development and industrialization, high-end industrial-grade master control SoC development and industrialization, and supplementary liquidity, and signed a “Tripartite Supervision Agreement” with the sponsor Huatai United Securities and the depositary bank to supervise the storage and use of raised funds. There is no significant difference between the agreement and the Shenzhen Stock Exchange model.

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