China Railway Signal & Communication revises fundraising plans

China Railway Signal & Communication Corporation Limited announced proposed changes to its fundraising plans, including a reallocation of 568 million yuan from its H-share offering. Originally earmarked for railway transportation PPP projects, these funds will now be used for general purposes, a decision driven by tightening PPP investment policies and the company's business needs. This change is intended to improve capital utilization efficiency without affecting the company's development strategy.

Additionally, the company is postponing and changing certain A-share fundraising projects. The Advanced and Intelligent Technology R&D Project's intended usable status date is adjusted to December 2026, and the Informationization Construction Project to June 2026. These postponements are based on actual construction progress to ensure project quality and effective use of funds.

The company is also reallocating 247,465,000 yuan from the "Advanced and Intelligent Manufacturing Base Project" to new initiatives. These include a Digital and Intelligent Transformation Project for a manufacturing base (17,000,000 yuan proposed for use), an Intelligent and Green Technology Upgrade (21,800,000 yuan proposed for use), and an Intelligent Transformation and Upgrade Project for traditional production lines (22,752,000 yuan proposed for use). Any shortfalls will be covered by the company's own funds and investment income.