Yimikang to raise funds via A-share private placement

Yimikang Tech. Group announced a private placement of A-shares, with the application for the issuance accepted by the Shenzhen Stock Exchange. The company plans to issue up to 132,146,398 A-shares to no more than 35 specific investors.

Proceeds, not exceeding CNY 31,121.92 million, will be directed towards two key initiatives: the computing infrastructure temperature control product construction project (CNY 17,826.72 million) and the computing infrastructure temperature control product research and development and testing platform project (CNY 5,295.20 million). The remainder will supplement working capital (CNY 8,000.00 million). This aims to enhance the company's core competitiveness and meet growing market demand in the computing infrastructure sector.

The issuance follows resolutions passed by the company's fifth board of directors and the 2025 third extraordinary general meeting. Final implementation is contingent upon approval from the Shenzhen Stock Exchange and registration with the China Securities Regulatory Commission. Investors will be subject to a lock-up period of six months from the completion of the issuance.