Zhongjing Electronics (002579.SZ) plans to raise no more than 700 million yuan through private placement for purposes such as capacity construction and technological upgrading.

News from Zhitong Finance APP, Zhongjing Electronics (002579.SZ) disclosed a plan to issue A shares to specific targets in 2025. The company plans to issue stocks to no more than 35 specific targets, including the actual controlling shareholder Yang Lin, who plans to subscribe for an amount not less than 0.7 billion yuan and a total number of shares not exceeding 30% of the total number of shares issued to specific targets this time. The issuance price shall not be lower than 80% of the average trading price of the company's stocks for the 20 trading days prior to the pricing reference date. The number of stocks issued to specific targets this time shall not exceed 30% of the total share capital of the company before the issuance.