Foster announced that the company disclosed a plan to issue convertible corporate bonds to unspecified targets. The total capital raised in this issuance did not exceed 446 million yuan. After deducting issuance fees, it is intended to be used for fluid transmission intelligent manufacturing base projects, data center pipeline projects, and supplementary working capital. The issuance plan has been reviewed and approved by the company's board of directors. It still needs to be reviewed and approved by the company's shareholders' meeting, reviewed and approved by the Shenzhen Stock Exchange, and registered with the China Securities Regulatory Commission before it can be implemented.

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