Chengbang Stock (603316.SH) plans to raise no more than 100 million yuan for projects such as expanding production of embedded storage chips.

The Zhitong Financial News App reports that Chengbang Shares (603316.SH) has announced that the company intends to issue shares to specific entities through a simplified process, raising a total amount of no more than 100 million yuan (including this amount). The net proceeds will be used entirely for: expanding the production capacity of embedded storage chips and supplementing working capital.