Core Viewpoint - Xintian Technology plans to raise no more than 291 million yuan through a private placement to invest in its South China precision manufacturing base, R&D center, and to supplement working capital [1][2] Group 1: Investment Projects - The South China precision manufacturing base project has a total investment of 269 million yuan and a construction period of 2 years, aiming to build new factories, warehouses, and office spaces, as well as purchase advanced production and inspection equipment [1] - The R&D center project in South China has a total investment of 41.46 million yuan and a construction period of 3 years, focusing on the research of precision electronic connectors and fluid connection components for data centers [2] Group 2: Operational Needs - The existing capacity at the Shenzhen base is insufficient to meet the order demands from high-quality clients in the new energy, data center, and medical device sectors, necessitating the relocation and expansion of production capacity [2] - The company aims to reduce operational costs, ensure stable production, and optimize capacity layout through the new projects, while also facilitating digital and intelligent upgrades [2] Group 3: Market Context - The company operates primarily in South China, where the demand for precision electronic connectors, liquid cooling connectors, and medical structural components is growing due to the booming downstream sectors [1]