Founder Technology announces A-share issuance, new investor, and shareholder returns

Founder Technology Group (SSE:600601) has announced a plan to issue A-shares to specific targets to bolster its development and technological capabilities. As part of this initiative, Founder Technology has secured a new investor, Zhuhai Huashi Huanxin Founder Technology Investment Enterprise, to acquire up to 23.5% of the shares issued, not exceeding CNY465 million. Huanshi Founder will not participate in the market bidding process. Upon shareholder approval, Huanshi Founder and other investors will participate equally.