Jiecang Linear Motion finishes project, closes fundraising account

Zhejiang Jiecang Linear Motion Technology Co., Ltd. has successfully completed its "Digital System Upgrade and Production Line Intelligent Transformation Project." This project was funded through a non-public stock offering and was initially approved by the China Securities Regulatory Commission (CSRC) in 2020. The project aimed to upgrade the company's information and management systems and intelligent production lines.

The company confirmed that all funds allocated for this project, including interest and wealth management income, have been fully utilized. The total investment in the project amounted to yuan 21,345.74, exceeding the planned yuan 20,000.00, demonstrating a utilization rate of 106.73%.

Consequently, the dedicated fundraising account for the project, which previously held a balance of yuan 0.00, has been officially closed. This closure also terminates the tripartite supervision agreement.