Jingsheng Mechanical & Electrical adjusts fundraising, extends project timeline

Zhejiang Jingsheng Mechanical & Electrical (SZSE:300316) announced it will terminate its "Annual Production of 80 Sets of Semiconductor Material Polishing and Thinning Equipment Manufacturing Project," diverting the remaining funds to a dedicated account. The company also extended the expected completion date for its "12-inch Integrated Circuit Wafer Equipment Testing Experimental Line Project" from June 30, 2025, to June 30, 2027.