Changchuan Technology responds to share issuance inquiry

Hangzhou Changchuan Technology Co., Ltd. (SZSE:300604) has submitted a reply to the Shenzhen Stock Exchange regarding its application for a private placement of shares. The proposed private placement seeks to raise up to 313,203.05 yuan, which will be allocated to semiconductor equipment R&D projects and to supplement working capital. The company clarified that multiple entities would implement the R&D projects, including its Harbin, Shanghai, and Suzhou branches, with lease agreements covering the project duration.

The total investment for the R&D projects is 383,958.72 yuan, with 219,243.05 yuan to be funded through the private placement. This investment includes 750.00 yuan for construction, 3,241.06 yuan for equipment, and 305,246.28 yuan for R&D expenses, covering personnel, materials, outsourcing, and other costs. The company stated that no financial investments unrelated to its core business would be made from the proceeds. The company also confirmed that its internal controls are sound and effective, with no irregularities.