SHAREATE(SH:688257) Ge Long Hui·2026-01-30 11:06Core Viewpoint - The company, Xinxing Co., Ltd. (688257.SH), announced a plan to issue A-shares to specific investors, aiming to raise no more than 1,315.80 million yuan for various projects [1] Group 1: Fundraising Details - The total amount to be raised from the issuance is capped at 1,315.80 million yuan, including the principal [1] - The net proceeds from the fundraising, after deducting related issuance costs, will be allocated entirely to specific projects [1] Group 2: Project Allocation - The funds will be used for the following projects: - High-performance CNC blade industrial park project - High-performance rock drilling tools production project - Precision tool research and testing center and headquarters management center construction project - Supplementing working capital [1]