Sino Information Technology plans to raise no more than 7 billion yuan through private placement.

Wisdom Finance News APP news, Xinkedong (688387.SH) issued an announcement, proposing to issue shares to specific targets, with a total amount not exceeding 7 billion yuan (including this amount), and the net amount after deducting issuance expenses is intended to be invested in: integrated mobile communication industrialization project for air, space and ground, Integrated mobile communication research and development project for air, space and ground, 6G research and development project, supplementary working capital.