Ningbo PIA Automation (SH:688306) Zheng Quan Zhi Xing·2025-08-22 13:12Core Viewpoint - The company has approved the establishment of a wholly-owned subsidiary, Ningbo Embodied Intelligent Robot Innovation Center Co., Ltd., to enhance the efficiency of fundraising project implementation and has authorized the management to open a special fundraising account for the project [1][6]. Fundraising Basic Information - The company was approved to issue 30,707,070 shares at a price of 5.08 RMB per share, raising a total of 1,559,919,156 RMB, with a net amount of 1,418,966,238.97 RMB after deducting issuance costs [1]. Fundraising Usage Status - As of June 30, 2025, the total investment for the fundraising projects is 75,000,000 RMB, with cumulative investment of 64,300,010 RMB, indicating a progress of 85.73% [2][3]. New Implementation Entity - The new implementation entity for the fundraising project is Ningbo Embodied Intelligent Robot Innovation Center Co., Ltd., which is fully owned by Ningbo Junpu Artificial Intelligence and Humanoid Robot Research Institute Co., Ltd. with a registered capital of 50,000,000 RMB [5]. New Fundraising Account - A new special fundraising account will be established to manage and utilize the funds effectively, with agreements signed between the new entity, the company, and the sponsoring institution [6]. Reasons and Impact of Changes - The changes are aimed at improving the efficiency of fundraising usage and ensuring the smooth progress of the projects, without altering the direction or content of the fundraising investments [6][8]. Review Procedures and Opinions - The supervisory board and the sponsoring institution have both expressed their agreement with the changes, confirming compliance with relevant regulations and affirming that there will be no adverse impact on the company's operations or financial status [7][8].