Ruixiong Technology: plans to raise no more than 784 million yuan in additional funds for the industrialization project of high-precision and high-speed six-axis robots, among others.

Raytronic Technology announced that the board of directors has approved a plan to issue A-shares to specific targets, intending to raise funds of up to 784 million yuan for the industrialization project of high-precision and high-speed six-axis robots, upgrading projects for headquarters and research and development centers, supplementing working capital, and repaying bank loans.