Qizhong Technology: Intends to raise 428 million yuan through convertible bonds to borrow money from its subsidiaries to implement projects.

Qizhong Technology announced that the company had previously issued 850 million yuan worth of convertible corporate bonds to unspecified investors, raising a net amount of 839 million yuan. The implementation entity of the fundraising project "Qizhong Technology Co., Ltd.'s Advanced Power and Inverter Chip Packaging and Testing Technology Renovation Project" is its wholly-owned subsidiary, Suzhou Qizhong. The company plans to provide up to 428 million yuan in interest-free loans to Suzhou Qizhong, with the loan term extending until the completion of the project, and the funds can only be used for this project. This matter has been approved by the board of directors, the audit committee, and the sponsor has no objections.