Today, Feikaida plans to raise funds of no more than 295 million yuan for the forging of hub projects and repayment of loans.

Today, Feikaida announced that the company will hold a board meeting on July 9, 2026 to approve the plan for issuing shares to specific targets in a simplified process for the fiscal year 2026. The issuance will target no more than 35 specific investors and aims to raise a total of no more than 295 million yuan. After deducting issuance expenses, the funds raised will be used for the intelligent manufacturing project of a production line for forging aluminum alloy car wheel hubs with an annual output of 600,000 units and to repay bank loans. The issuance plan still needs to be approved by the Shenzhen Stock Exchange and registered by the China Securities Regulatory Commission before implementation.